Zillow, Inc. (Z) Misses Q2 EPS by 1c, Sales Beat; Raises Outlook

Zillow, Inc. (NASDAQ: Z) reported Q2 EPS of ($0.05), $0.01 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $78.7 million versus the consensus estimate of $76.52 million.

Zillow, Inc. raises FY2014 revenue of $321-323 million, versus the consensus of $310.8 million. Full-year Adjusted EBITDA outlook raised to range of $52.0 million to $54.0 million.

"We had our strongest quarter yet with record consumer traffic and record revenue and bookings by Premier Agent advertisers," said Spencer Rascoff, Zillow CEO. "Our deliberate focus on high-performing agents and their teams drove the significant increase in orders, and has prompted us to increase our full-year outlook. Advertisers are clearly following audience, and we're continuing to reinvest in the business to get the flywheel to spin even faster.

"Additionally, last week we announced our entry into an agreement to acquire Trulia, a move that we believe will allow us to combine our resources and achieve even more impressive innovation for consumers and advertisers."

For earnings history and earnings-related data on Zillow, Inc. (Z) click here.

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