Zillow: Q1 Earnings Snapshot

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Thursday reported first-quarter net income of $16 million.

The Seattle-based company said it had net income of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The online real estate marketplace posted revenue of $4.26 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $3.37 billion.

_____

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