Zillow vows to continue to invest in 'tough housing market'

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Zillow Group Inc. stock rose in the extended session Wednesday after the company reported quarterly revenue that topped Wall Street expectations, saying it...

Zillow Group Inc. shares rose in the extended session Wednesday after the real-estate services company reported quarterly revenue above Wall Street expectations, saying it is investing in a “tough housing market while others retrench.”

Revenue... Zillow Group Inc. shares rose in the extended session Wednesday after the real-estate services company reported quarterly revenue above Wall Street expectations, saying it is investing in a “tough housing market while others retrench.” Revenue fell 19% to $435 million. FactSet consensus called for EPS of 6 cents a share on sales of $414 million.

 

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