Zillow CEO Spencer Rascoff is out — co-founder Rich Barton is taking over [CNBC]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: CNBC
Zillow CEO Spencer Rascoff is out — co-founder Rich Barton is taking over Zillow He will remain on the company's board. Zillow has revealed headwinds The company reported $0.01 per share adjusted earnings on revenue of $365 million. Analysts had expected EPS of $0.01 on revenues of $351 million. Zillow posted higher-than-expected revenue guidance, forecasting first-quarter revenue between $417 million and $443 million, compared with Wall Street estimates of $404 million. The stock plunged as much as 8 percent in extended trading before recovering and trading up as much as 8 percent. Here's the full announcement from Zillow: Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and web, today announced Rich Barton, who co-founded Zillow in 2005 and served as the company's CEO until 2010, has been named chief executive officer. Barton has been executive chairman since stepping down as CEO. Co
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