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Zillow: 1Q Earnings Snapshot

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Monday reported a loss of $18.6 million in its first quarter.

The Seattle-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The online real estate marketplace posted revenue of $299.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $299 million.

For the current quarter ending in July, Zillow said it expects revenue in the range of $322 million to $327 million.

The company expects full-year revenue in the range of $1.43 billion to $1.58 billion.

Zillow shares have risen 36 percent since the beginning of the year.


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