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Zillow Stock (Nasdaq: Z) Beats Q2 Revenue Estimates – but Still Didn't Turn a Profit
Zillow's earnings report for the second quarter showed a 68% increase in sales, but the stock still suffered as investors saw yet another quarter of losses for the real estate search engine.
Even after pouring millions of dollars into merger activity to build economies of scale since 2011, most recently in its purchase of Trulia, the company is still on pace to tally record yearly losses.
Zillow's earnings report for the second quarter showed a 68% increase in sales, but the stock still suffered as investors saw yet another quarter of losses for the real estate search engine.
Even after pouring millions of dollars into merger activity to build economies of scale since 2011, most recently in its purchase of Trulia, the company is still on pace to tally record yearly losses.