Zillow Profit Tops Estimate; Stock Up 3%

(RTTNews) - Zillow Inc (Z) Wednesday reported third-quarter net loss of $16 million or $0.40 per share compared with a loss of $1.2 million or $0.03 per share last year.

Excluding items, adjusted earnings for the quarter were $0.13 per share compared with a loss of $0.04 per share a year ago.

Zillow operates real estate and home-related marketplaces on mobile and the Web.

The company's revenues for the quarter were up 66% at $88.6 million compared with $53.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.08 per share on revenues of $88 million for the quarter. Analysts' estimates typically exclude special items.

Zillow reached a record 86 million average monthly unique users during the quarter, up 41% year-over-year. In July, traffic broke an all-time record with nearly 89 million monthly unique users, an increase of 45% year-over-year.