Zillow Posts Surprise Earnings, Ups 2014 Guidance

By | May 7, 2014

Scalper1 News

Real estate website Zillow late Wednesday reported a surprise per-share profit in Q1 and raised its full-year outlook above consensus, sending its shares higher. The Seattle-based company said its per-share profit ex items doubled year over year to 2 cents, better than the expected 8-cent loss. “Even though we’re investing heavily in advertising and in head count and in product development and a variety of other things, the incremental margin is Scalper1 News

Scalper1 News