Zillow Loss Narrower Than Estimates; Stock Up 8%

(RTTNews) - Online real estate marketplace Zillow Group Inc (Z) on Tuesday reported second-quarter net loss of $38.7 million or $0.66 per share compared with a loss of $10.5 million or $0.26 per share last year.

Excluding stock-based compensation expense and other one-time items, adjusted loss for the quarter was $0.01 per share compared with a loss of $0.05 per share a year ago.

Analysts polled by Thomson Reuters estimated a loss of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter surged to $171.3 million from $78.7 million in the prior year. Analysts estimated revenues of $168.7 million.