SEATTLE (AP) — SEATTLE (AP) — Redfin Corp. (RDFN) on Tuesday reported a loss of $92.5 million in its first quarter.
On a per-share basis, the Seattle-based company said it had a loss of 73 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.
The real estate broker posted revenue of $221 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $220.4 million.
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