SEATTLE (AP) — Redfin Corp. on Wednesday reported a loss of $67.2 million in its first quarter.
The Seattle-based company said it had a loss of 74 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 75 cents per share.
The real estate broker posted revenue of $110.1 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $104.6 million.
For the current quarter ending in July, Redfin said it expects revenue in the range of $183.7 million to $193.1 million.
Redfin shares have climbed 39 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.04, a drop of 12 percent in the last 12 months.
