Trulia shares hit record high

75 percent revenue growth helps portal trim Q4 losses to $1.6M

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Investors bid up shares in real estate marketplace Trulia to record highs this week as soaring revenue helped the company cut its losses in the final three months of 2012.

Fourth-quarter revenue was up 75 percent from a year ago, to $20.6 million, helping Trulia trim its net loss to $1.6 million, down 22 percent from the same time a year ago. Trulia posted $564,000 in adjusted earnings before interest, tax, depreciation and amortization (EBITDA), the second consecutive quarter with positive adjusted EBITDA.