Zillow stock sinks on disappointing Q2 revenue guidance

Shares of Zillow Group (Z, ZG) are falling sharply in after-hours trading. The company reported first quarter adjusted earnings of $0.36, topping estimates of $0.28. Revenue of $529 million beat Street expectations of $508.9 million. The second quarter revenue forecast, however, was a disappointment. Zillow sees revenue in a range of $525 million to $540 million in the quarter. Analysts had been expecting $559.2 million.

Yahoo Finance's Akiko Fujita and Josh Lipton break down the real estate company's quarterly results.

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This post was written by Stephanie Mikulich.