AP NEWS

Zillow: 2Q Earnings Snapshot

August 6, 2018

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Monday reported a loss of $3.1 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The online real estate marketplace posted revenue of $325.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $325.1 million.

For the current quarter ending in October, Zillow said it expects revenue in the range of $337 million to $347 million.

The company expects full-year revenue in the range of $1.32 billion to $1.35 billion.

Zillow shares have increased 45 percent 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

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