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Why Redfin Stock Tumbled Today

TheMotleyFool

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Shares of Redfin (NASDAQ: RDFN) were taking a dive today after the digital real estate brokerage posted strong revenue growth in its first quarter but got dinged for missing expectations on the bottom-line loss. It also guided to a wider-than-expected loss in the second quarter.

As of 2:32 p.m. EDT, the stock was down 17.2%.

Image source: Redfin.

Source Fool.com

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