Redfin: Q1 Earnings Snapshot

SEATTLE (AP) — SEATTLE (AP) — Redfin Corp. (RDFN) on Tuesday reported a loss of $66.8 million in its first quarter.

The Seattle-based company said it had a loss of 57 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The real estate broker posted revenue of $225.5 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $218 million.

For the current quarter ending in June, Redfin said it expects revenue in the range of $285 million to $298 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 RDFN at https://www.zacks.com/ap/RDFN

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