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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Anglo-Australian miner BHP, formerly known as BHP Billiton, reported Tuesday higher attributable profit in its first half, while revenues were flat. Underlying EBITDA margin was lower. Further, the company maintained its dividend. Looking ahead, the company said its productivity for the 2019 financial year is now expected to be broadly flat. Asia-focused lender HSBC Holdings Plc reported Tuesday higher profit in its fiscal 2018 reflecting revenue growth in all of global businesses, despite a challenging fourth quarter. Further, the company said it reported a good start to 2019, noting that Group revenue performance in January was ahead of plan for the month. In London, HSBC shares were losing around 4 percent in the morning trading. McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years.
Follow RTT