Finance
Zillow craters 19% after revenue guidance misses expectations
- Zillow shares fell by as much as 19% in after-hours trading after the company’s third-quarter revenue guidance missed analysts’ expectations.
- The online real estate database said it sees Q3 revenue coming in between $337 million and $347 million. Analysts had estimated $408.4 million according to Bloomberg.
- Second-quarter revenue also missed forecasts, at $325.2 million ($325.5 million expected).
- Zillow also announced that it acquired Mortgage Lenders of America to bolster its home-flipping business.
- The company halted its stock after the market close on Monday, pending the news.
- Shares had jumped 45% this year through the market close.
Join the conversation about this story »
NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency
Continue Reading
Business8 hours ago
Langdock raises $3M with General Catalyst to help businesses avoid vendor lock-in with LLMs
Entertainment11 hours ago
“Hanky Panky” review: A deeply delirious stoner comedy
Business20 hours ago
Internet users are getting younger; now the UK is weighing up if AI can help protect them
Entertainment1 day ago
Taylor Swift’s ‘The Tortured Poets Department’ rollout reveals her inability to trust the listener
Entertainment1 day ago
Dating culture has become selfish. How do we fix it?
Business1 day ago
Screen Skinz raises $1.5 million seed to create custom screen protectors
Business2 days ago
Consumer Financial Protection Bureau fines BloomTech for false claims
Entertainment2 days ago
‘Big is moving to Paris’: Carrie Bradshaw discourse reignites as ‘Sex and the City’ hits Netflix
Business2 days ago
Klarna credit card launches in the US as Swedish fintech grows its market presence
Entertainment2 days ago
How to set boundaries in the early stages of dating
Business4 weeks ago
Apple sued, Microsoft’s AI ambitions and Nvidia’s surprises
Business4 weeks ago
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus
Business4 weeks ago
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
Business4 weeks ago
DOJ’s Apple antitrust case neatly aligns with EU on one key point: NFC and mobile payments
Entertainment4 weeks ago
Amazon Big Spring Sale 2024: Shop 350+ deals on Apple, robot vacuums, security cameras, more
Entertainment4 weeks ago
What is the three-body problem in ‘3 Body Problem’?
Business7 days ago
API startup Noname Security nears $500M deal to sell itself to Akamai
Business4 weeks ago
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
Business1 week ago
US think tank Heritage Foundation hit by cyberattack
Entertainment3 weeks ago
Where’s the AI in these ‘AI-powered’ products for your home?
Business8 hours ago
Langdock raises $3M with General Catalyst to help businesses avoid vendor lock-in with LLMs
Entertainment11 hours ago
“Hanky Panky” review: A deeply delirious stoner comedy
Business20 hours ago
Internet users are getting younger; now the UK is weighing up if AI can help protect them
Entertainment1 day ago
Taylor Swift’s ‘The Tortured Poets Department’ rollout reveals her inability to trust the listener
Entertainment1 day ago
Dating culture has become selfish. How do we fix it?
Business1 day ago
Screen Skinz raises $1.5 million seed to create custom screen protectors
Business2 days ago
Consumer Financial Protection Bureau fines BloomTech for false claims
Entertainment2 days ago
‘Big is moving to Paris’: Carrie Bradshaw discourse reignites as ‘Sex and the City’ hits Netflix
Business2 days ago
Klarna credit card launches in the US as Swedish fintech grows its market presence
Entertainment2 days ago
How to set boundaries in the early stages of dating
-
Business7 days agoAPI startup Noname Security nears $500M deal to sell itself to Akamai
-
Entertainment6 days agoNASA discovered bacteria that wouldn’t die. Now it’s boosting sunscreen.
-
Entertainment7 days agoHow to watch ‘Argylle’: When and where is it streaming?
-
Business6 days agoTesla drops prices, Meta confirms Llama 3 release, and Apple allows emulators in the App Store
-
Business5 days agoTechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny
-
Entertainment5 days ago‘The Sympathizer’ review: Park Chan-wook’s Vietnam War spy thriller is TV magic
-
Business4 days agoTesla layoffs hit high performers, some departments slashed, sources say
-
Business4 days agoMeta to close Threads in Turkey to comply with injunction prohibiting data-sharing with Instagram
