Zillow Stock Tumbles After Selling More Homes Than Expected. Here’s Why.

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Faster-than-expected home sales in Zillow’s iBuying business contributed to first-quarter revenue that surpassed forecasts. But investors shouldn’t count on that contribution next quarter.

Shares of the real estate company fell 11% in after-hours trading Thursday after the report.

Zillow (ticker: ZG) reported revenue of $4.3 billion in its…

William Murphy

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