Redfin: Q4 Earnings Snapshot

Associated Press Finance
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SEATTLE (AP) — SEATTLE (AP) — Redfin Corp. (RDFN) on Tuesday reported a loss of $22.9 million in its fourth quarter.

On a per-share basis, the Seattle-based company said it had a loss of 20 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The real estate broker posted revenue of $218.1 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $220.2 million.

For the year, the company reported a loss of $130 million, or $1.16 per share. Revenue was reported as $976.7 million.

For the current quarter ending in March, Redfin said it expects revenue in the range of $214 million to $233 million.

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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 RDFN at https://www.zacks.com/ap/RDFN

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