AP NEWS
Click to copy
Click to copy

Zillow: 2Q Earnings Snapshot

August 7, 2019

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Wednesday reported a loss of $72 million in its second quarter.

The Seattle-based company said it had a loss of 35 cents per share. Losses, adjusted for stock option expense, were 14 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The online real estate marketplace posted revenue of $599.6 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $585.8 million.

Zillow shares have climbed 58% since the beginning of the year.

_____

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

All contents © copyright 2019 The Associated Press. All rights reserved.