Shares of Zillow Group (NASDAQ: Z) (NASDAQ: ZG) were sliding today after the company reported its second-quarter results. While its top- and bottom-line results beat Wall Street's expectations, investors were disappointed with its third-quarter guidance. Zillow reported non-GAAP (adjusted) earnings per share of $0.47, which was up from $0.44 in the year-ago quarter and ahead of analysts' average estimate of $0.35 per share.
Opendoor Technologies (NASDAQ: OPEN) reported quarterly results that fell short of expectations, but investors were more focused on the potential benefit of a new partnership, sending shares up as much as 25% on Friday. Opendoor reported a loss of $0.09 per share in the second quarter on revenue of $4.2 billion. The revenue was slightly ahead of the consensus estimate, but analysts had been expecting the iBuying housing company to post a profit.
(Bloomberg) -- Zillow Group Inc. shares plummeted after the company predicted that a significant contraction in home sales would weigh on the amount of advertising it can sell to real estate agents.Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItYOLO Stock Bulls Say Wake Me When Fed Tightening Starts to BiteThe company, wh