SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Wednesday reported second-quarter net income of $2 million.
The Seattle-based company said it had net income of 1 cent per share. Earnings, adjusted for stock option expense, came to 40 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 44 cents per share.
The online real estate marketplace posted revenue of $655 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $646.6 million.
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