SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Wednesday reported a loss of $23 million in its first quarter.
The Seattle-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and asset impairment costs, were 36 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.
The online real estate marketplace posted revenue of $529 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $509.3 million.
For the current quarter ending in June, Zillow said it expects revenue in the range of $525 million to $540 million.
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