- Zillow reports 4Q loss
SEATTLE (AP) _ Zillow Group Inc. (Z) on Tuesday reported a loss of $23.5 million in its fourth quarter.
On a per-share basis, the Seattle-based company said it had a loss of 13 cents. Earnings, adjusted to extinguish debt and for stock option expense, came to 14 cents per share.
The real estate website operator posted revenue of $227.6 million in the period.
For the year, the company reported that its loss widened to $220.4 million, or $1.22 per share. Revenue was reported as $846.6 million.
For the current quarter ending in April, Zillow said it expects revenue in the range of $232 million to $237 million.
The company expects full-year revenue in the range of $1.03 billion to $1.05 billion.
Zillow shares have increased 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.87, more than doubling in the last 12 months.
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