Zillow pulls full-year outlook because of coronavirus pandemic [MarketWatch]
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: MarketWatch
Zillow pulls full-year outlook because of coronavirus pandemic Zillow Group Inc. Z, +14.82% said late Monday it expects to meet or beat its first-quarter outlook but pulled its outlook for the year because of the COVID-19 pandemic. Zillow shares rose 0.6% after hours, following a 14.8% rise to close the regular session at $31.22. The company said "given the magnitude and duration of the impact from COVID-19 are unknown and cannot be reasonably estimated, Zillow Group is withdrawing the full-year 2020 outlook." Zillow expects first-quarter revenue of $1.02 billion to $1.06 billion. Analysts surveyed by FactSet had forecast revenue of $1.04 billion for the first quarter, and $4.89 billion for the year. Earlier Monday, Zillow said it was pausing home-buying in all its markets because of the pandemic.
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