Zillow Group Posts Weak Q4 Outlook, Stock Falls

By | November 3, 2015

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Zillow Group (ZG) late Tuesday gave an outlook for Q4 that fell short of Wall Street’s expectations on higher-than-expected consolidation costs. The No. 1 real estate website saw its stock price fall in after-hours trading even though its Q3 earnings and revenue beat expectations. For Q4, Zillow guided revenue of $165 million to $170 million, up 78% to 84% year over year but below the $178.7 million that analysts polled by Thomson Reuters had Scalper1 News

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