Zillow Inc. (Z) reported a first quarter loss of $0.11 per share after the close Tuesday, compared to the profit of $0.06 per share a year ago. The consensus estimate was for a loss of $0.03.
Zillow gapped open lower Wednesday and declined during the first 2 hours of trade. The stock finished down by 6.26 at $56.68 on above average volume. Zillow fell below a range at the highs of the year and set over a 1-week low.
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