SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (Z) on Tuesday reported a loss of $52 million in its fourth quarter.
The Seattle-based company said it had a loss of 22 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 27 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The real estate website operator posted revenue of $554 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $541 million.
For the year, the company reported a loss of $112 million, or 48 cents per share. Revenue was reported as $2.24 billion.
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