Redfin (RDFN) Tops Q4 EPS by 4c, Revenues Beat; Offesrs Q1 Revenue Outlook
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Redfin Fourth-Quarter 2018 Revenue up 30% Year-over-Year to $124.1 Million
February 14, 2019 4:01 PM ESTSEATTLE, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2018. All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation as well as depreciation and amortization expenses.
Fourth Quarter 2018
Revenue increased 30% year-over-year to $124.1 million during the fourth quarter. Gross profit was $26.2 million, a decrease of 10% from $29.2 million in the fourth quarter of 2017. Gross margin was 21%, compared to 30% in the fourth quarter of 2017. Real estate services(1) gross profit was $27.8 million, a... More
