Zillow Group Sets New Traffic and Revenue Records
Zillow Group Inc. (NASDAQ: Z) (NASDAQ: ZG) released better-than-expected second-quarter 2017 results on Tuesday after the market closed, marking new all-time highs for both revenue and visits to the online real estate company's consumer-facing brands. Zillow also increased the bottom ends of its full-year guidance for revenue and adjusted EBITDA.
But with shares down in after-hours trading as of this writing on seemingly conservative guidance, Zillow's relative outperformance wasn't enough to appease the market. So let's take a closer look at what Zillow accomplished over the past few months, as well as what to expect from the company.
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Source: Fool.com