Zillow Plunges After Revenue Forecast Misses, Analyst's Cut

Zillow Group Inc. tumbled after the real estate listings company’s revenue forecast missed even the lowest analyst estimate and its second-quarter results raised fresh questions about the company’s foray into buying and selling homes. Zillow reported earnings late Monday and lowered its guidance for full-year sales and Ebitda, or earnings before interest, taxes, depreciation and amortization. The Seattle-based company also reduced the number of homes it’s targeting to buy and sell in its new Zillow Offers business because of longer-than-expected closing times.