Zillow Stock Jumps on Third-Quarter Revenue Growth, Narrower Loss [Yahoo! Finance]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: Yahoo! Finance
Zillow reported third-quarter revenue of $581 million, up 17% year-over-year. The company's shares are up 40% since it named Jeremy Wacksman as the new CEO in August. Zillow Group ( Z ) shares are jumping in premarket trading Thursday, after the real estate firm posted strong third-quarter sales gains and narrowed its losses. Zillow reported third-quarter revenue of $581 million, up 17% year-over-year, and above the midpoint of the range the company had previously offered. Its net loss for the three months to Sept. 30 narrowed to $20 million, from a $28 million loss the same period last year. Sales during the period outperformed the 2% total transaction value growth of broader residential real estate industry, the listings site said, citing the National Association of Realtors (NAR) . The company also offered a fourth-quarter revenue outlook of $525 million to $540 million, with analysts tracked by Visible Alpha looking for about $537 million. Zillow's shares were up some 1
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Earnings
- 11/6/24 - Beat