Wall Street Watch Tuesday: Zillow’s in the Doghouse with Advertisers
Filed under: Market News
Zillow (Z) really needs to get its own house in order.
Investors are turning against the real estate information website operator after it posted a disappointing outlook for the new quarter.
Looking back, Zillow held up just fine in Monday night’s earnings report. Revenue soared 67% to $31.9 million during the third quarter, just ahead of the $31.7 million that Wall Street was forecasting. Adjusted earnings clocked in at $0.07 a share, matching analyst estimates.
The former dot-com darling…
Wall Street Watch Tuesday: Zillow’s in the Doghouse with Advertisers originally appeared on DailyFinance.com on 2012-11-06T06:00:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/11/06/wall-street-watch-tuesday-zillows-in-the-doghouse-with-adverti/