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Zillow: Q3 Earnings Snapshot
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SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Wednesday reported a loss of $158 million in its third quarter.

The Seattle-based company said it had a loss of 70 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 55 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The online real estate marketplace posted revenue of $724 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $754.3 million.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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