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Zillow Group Inc. (ZG) Is Pulling Back On Weak Q2 Sales Forecast

Zillow Group Inc. (ZG) reported first quarter EPS of $0.07 after the close Monday, down from $0.11 a year ago. Analysts expected EPS of $0.06. The company expects to report second quarter revenues of $322 million to $327 million. Street expectations are for revenues of $343.03 million. The stock is now down 2.51 on 91K shares.

Zillow Group climbed until midday Monday and finished up by 2.60 at $55.60. The stock rose to over a 1-month high.

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