SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (Z) on Tuesday reported a loss of $52 million in its fourth quarter.
The Seattle-based company said it had a loss of 22 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 27 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The real estate website operator posted revenue of $554 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $541 million.
For the year, the company reported a loss of $112 million, or 48 cents per share. Revenue was reported as $2.24 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on Z at https://www.zacks.com/ap/Z
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.