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Zillow Shares Zoom on Strong First-Quarter Revenue

M. Corey Goldman

Seattle-based Zillow's stock jumped nearly 13%, or $4.26, to $37.82 in early trading after reporting a net loss of $67.5 million, or 33 cents a share, vs. a year-earlier loss pf $18.6 million, or 10 cents a share. Zillow Offers is a more recent home-flipping initiative that helps consumer buy and sell renovated homes quicker. Excluding taxes, Zillow's unit that includes the home-flipping unit reported a loss of $45.2 million.