Redfin: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 04:05 PM ET
Last Updated - Nov 07, 2024, 04:05 PM EST
SEATTLE (AP) — SEATTLE (AP) — Redfin Corp. (RDFN) on Thursday reported a loss of $33.8 million in its third quarter.
On a per-share basis, the Seattle-based company said it had a loss of 28 cents.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The real estate broker posted revenue of $278 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $280.2 million.
