Latest News by Industry
SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (Z) on Wednesday reported a loss of $20 million in its third quarter.
The Seattle-based company said it had a loss of 8 cents per share. Earnings, adjusted for stock option expense and asset impairment costs, were 35 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The real estate website operator posted revenue of $581 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $555.9 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on Z at https://www.zacks.com/ap/Z