SEATTLE (AP) — SEATTLE (AP) — Redfin Corp. (RDFN) on Thursday reported a loss of $36.4 million in its fourth quarter.
The Seattle-based company said it had a loss of 29 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The real estate broker posted revenue of $244.3 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $241.5 million.
For the year, the company reported a loss of $164.8 million, or $1.36 per share. Revenue was reported as $1.04 billion.
For the current quarter ending in March, Redfin said it expects revenue in the range of $214 million to $225 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDFN at https://www.zacks.com/ap/RDFN
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