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BUZZ-Rightmove: rival OTM helps co gain the edge

Reuters - UK Focus

** Rightmove (LSE: RMV.L - news) up 10.2 pct at all-time high & poised for biggest one-day rise since Aug 2012 on earnings beat

** Revenue up 19 pct to 167 mln pounds (consensus 164 mln) & operating profit up 20 pct to 124.6 mln (cons 117 mln)

** Analysts say new entrant OnTheMarket.com ironically a plus for Rightmove as it undermined strength of Rightmove's biggest rival Zoopla

** Jefferies says valuation a red flag; Rightmove trades on 12-mth fwd PE of 31 times, Thomson Reuters data shows (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)