Why Zillow Stock Slid Today
Shares of Zillow Group (NASDAQ: Z) (NASDAQ: ZG) were sliding today after the company reported its second-quarter results. While its top- and bottom-line results beat Wall Street's expectations, investors were disappointed with its third-quarter guidance.
As a result, the housing stock was down by 1.6% at the end of the trading day.
Zillow reported non-GAAP (adjusted) earnings per share of $0.47, which was up from $0.44 in the year-ago quarter and ahead of analysts' average estimate of $0.35 per share.
Source Fool.com
