Zillow stock falls 9% after disappointing forecast in 'uncertain' real-estate environment

Zillow stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. Zillow Z, -9.88% ZG, -9.42% reported a first-quarter profit of $16 million, or 6 cents a share, on revenue of $4.26 billion, up from …

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