Zillow Group is trading at $30.21, down 10.88%, after third-quarter revenue of $724 million and adjusted earnings of $0.55 per share missed analyst expectations.
- The company reported a $158 million net loss.
- Fourth-quarter revenue outlook of $635 million to $665 million, roughly flat year over year, added to investor concerns.
- A broad market selloff added pressure, but the earnings miss and outlook were the clearest company-specific catalysts.