SEATTLE (AP) -- Zillow Group Inc. (ZG) on Tuesday reported third-quarter net income of $6.8 million, after reporting a loss in the same period a year earlier.
The Seattle-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 17 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The online real estate marketplace posted revenue of $224.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $220.2 million.
For the current quarter ending in December, Zillow said it expects revenue in the range of $218 million to $223 million.
The company expects full-year revenue in the range of $837 million to $842 million.
Zillow shares have climbed 26 percent since the beginning of the year.