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Why Redfin Stock Jumped Thursday


Shares of online real-estate brokerage Redfin (NASDAQ: RDFN) jumped on Thursday. As of 11:20 a.m. EST, the stock was up about 14%.

The stock's gain comes as the company's top and bottom lines both beat analyst expectations. In addition, management's outlook for first-quarter revenue topped estimates.

Image source: Getty Images.

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Source Fool.com

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