logo
Plus   Neg
Share
Email

Zillow Climbs Off Lows But Continues To See Notable Weakness

After gapping open sharply lower, shares of Zillow Group (ZG) have climbed off their worst levels but continue to see notable weakness in afternoon trading on Friday. Zillow is currently down by 5.4 percent.

The initial sell-off by Zillow came after the real estate website operator reported fourth quarter adjusted earnings that met estimates but provided disappointing revenue guidance for the current quarter.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies, Inc. (LOW) reported first-quarter net earnings of $988 million or $1.19 per share compared to $602 million or $0.70 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.27 for the quarter. Analysts' estimates... Tesla Inc.'s (TSLA) mass-market Model 3 sedan, which will be available in two new versions with dual motors and all-wheel drive in July, has failed to earn a recommendation from Consumer Reports. Department store chain Kohl's Corp. reported financial results for the first quarter that beat analysts' estimates. Meanwhile, off-price retailer TJX Companies, Inc. reported adjusted earnings for the first quarter that missed analysts' expectations, even as its revenues beat estimates. Both the companies raised their earnings outlook for the full year.
Follow RTT