Zillow Inc. Earnings: Swinging to a Profit

Zillow Inc. (NASDAQ:Z) reported its results for the first quarter.

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Zillow Earnings Cheat Sheet for the First Quarter

Results: Reported a profit of $1.7 million (6 cents per diluted share) in the quarter. Zillow Inc. had a net loss of $826,000 or a loss 6 cents per share in the year-earlier quarter.

Revenue: Rose more than twofold to $22.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Zillow Inc. was about in line with expectations as the mean analyst estimate was breaking even.

Key Stats:

The company has now topped analyst estimates for the last three quarters. It beat the mark by 6 cents in the fourth quarter of the last fiscal year and by 4 cents in the third quarter of the last fiscal year.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the second quarter has moved up from 2 cents a share to 4 cents over the last thirty days. For the fiscal year, the average estimate has moved down from 25 cents a share to 13 cents over the last ninety days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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