SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (Z) on Wednesday reported a loss of $17 million in its second quarter.
The Seattle-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and pretax expenses, were 39 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The real estate website operator posted revenue of $572 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $539.7 million.
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