Zillow: Fourth Quarter Earnings Overview
Zillow Group Announces Fourth-Quarter Financial Results
Zillow Group Inc., headquartered in Seattle, revealed on Tuesday that it earned $3 million during the fourth quarter.
The company’s earnings translated to a profit of $0.01 per share. When excluding costs related to stock options, adjusted earnings stood at $0.39 per share.
These results fell short of analyst projections, as a consensus of five analysts polled by Zacks Investment Research had anticipated earnings of $0.42 per share.
However, Zillow’s revenue for the quarter reached $654 million, exceeding expectations. Six analysts surveyed by Zacks had forecasted revenue of $649.8 million.
Looking at the full year, Zillow reported a net income of $23 million, or $0.09 per share, with total revenue amounting to $2.58 billion.
Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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