Zillow: Q2 Earnings Snapshot
SEATTLE (AP) _ Zillow Group Inc. (ZG) on Thursday reported second-quarter profit of $8 million.
On a per-share basis, the Seattle-based company said it had net income of 3 cents. Earnings, adjusted for stock option expense and to extinguish debt, came to 47 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The online real estate marketplace posted revenue of $1.01 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $988.6 million.
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