Redfin: 2Q Earnings Snapshot
SEATTLE (AP) _ Redfin Corp. (RDFN) on Thursday reported a second-quarter loss of $12.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Seattle-based company said it had a loss of 14 cents.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The real estate broker posted revenue of $197.8 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $190.4 million.
For the current quarter ending in October, Redfin said it expects revenue in the range of $223 million to $233 million.
Redfin shares have climbed 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.72, a decline of 28% in the last 12 months.