Zillow: 2Q Earnings Snapshot
SEATTLE (AP) _ Zillow Group Inc. (ZG) on Thursday reported a loss of $84.4 million in its second quarter.
On a per-share basis, the Seattle-based company said it had a loss of 38 cents. Losses, adjusted for one-time gains and costs, were 17 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The online real estate marketplace posted revenue of $768.4 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $606 million.
Zillow shares have risen 56% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZG at https://www.zacks.com/ap/ZG