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Zillow: 3Q Earnings Snapshot

Zillow: 3Q Earnings Snapshot

Associated Press

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Tuesday reported a third-quarter loss of $492,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Seattle-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The online real estate marketplace posted revenue of $343.1 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $343.7 million.

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Zillow shares have increased slightly since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZG at https://www.zacks.com/ap/ZG