NEW YORK — Stocks that moved substantially or traded heavily on Friday: Symantec Corp., down $2.78 to $19.39 The security software maker's CEO abruptly resigned and the company issued a weak profit forecast for the current quarter. Wynn Resorts Ltd., down $6.44 to $129.89 The casino operator reported a steep revenue decline from its Macau operation and its overall revenue fell short of Wall Street forecasts. Zillow Group Inc., up $1.84 to $35.41 The real estate website operator reported a surge in revenue that helped narrow first quarter losses and prompted a solid revenue forecast. Guardant Health Inc., up $11.93 to $76 The provider of oncology testing services beat Wall Street's first quarter earnings forecast and raised its revenue forecast for the year. Booking Holdings Inc., up $93.82 to $1,829.85 The online booking service reported an increase in room bookings during the first quarter that beat Wall Street forecasts. Mettler-Toledo International Inc., down $14 to $727.67 … [Read more...] about Symantec and Wynn decline while Zillow and Guardant rise
By Micah Maidenberg WSJ Thu., May 9, 2019 Zillow Group Inc.’s stock surged after the company said its home-flipping business is gaining traction with consumers and injecting new revenue into the company. Zillow, which operates its namesake residential real-estate website and other digital housing brands, is attempting to refocus its business on purchasing homes, repairing them and then selling the properties for a profit. That business, called Zillow Offers, contributed $128.5 million in revenue in the first quarter. The Seattle-based company reported first-quarter revenue rose 51% to $454.1 million, surpassing the $432 million analysts were looking for, according to FactSet, as well as Zillow’s prior forecast. Shares jumped about 20% to $40.95 in postmarket trading. The stock closed Thursday trading down 2%. Article Continued Below Zillow said it sold 414 homes in the first quarter and bought 898 properties. The company’s long-term target … [Read more...] about Zillow Ramps Up Home-Flipping
By R.A. Schuetz Published 9:46 am CDT, Wednesday, April 3, 2019 iBuyers that have been buying Houston homes are now moving into the mortgage market. Opendoor, which has been in the Houston market since July 2018, bought and listed a townhome in Rice Military. iBuyers that have been buying Houston homes are now moving into the mortgage market. Opendoor, which has been in the Houston market since July 2018, bought and listed a townhome in Rice Military. Photo: Nancy Sarnoff / Houston Chronicle Photo: Nancy Sarnoff / Houston Chronicle Image 1 of / 1 Caption Close Image 1 of 1 iBuyers that have been buying Houston homes are now moving into the mortgage market. Opendoor, which has been in the Houston market since July 2018, bought and listed a townhome in Rice Military. iBuyers that … [Read more...] about Zillow will buy your home. Now it will also provide financing for your next one.
By Jeff Collins | [email protected] | Orange County RegisterPUBLISHED: March 11, 2019 at 7:00 am | UPDATED: March 11, 2019 at 7:00 am Zillow Offers, the home buying and selling arm of online real estate giant Zillow.com, is launching Monday, March 11 in the Inland Empire, the fifth “iBuyer” now working in Southern California. The company will accept offer requests from owners of houses, condos and townhomes in Riverside, San Bernardino and a handful of other Inland Empire cities. The region is Zillow Offers’ eighth U.S. market and its first in California. The company generally offers to buy homes in the median price range that could be easily readied for market, a company spokesman said. “Fundamentally, we are following consumers who have been ‘uber-ized,’ and have grown to expect magic to happen with the simple push of a button,” Zillow Group CEO Rich Barton said during a Feb. 21 earnings call. “We’ve seen this in travel, … [Read more...] about Zillow launches ‘iBuyer’ operation in Inland Empire
Stocks that moved substantially or traded heavily on Friday: The Kraft Heinz Co., down $13.23 to $34.95 The maker of Oscar Mayer and Kraft products reported a dismal fourth-quarter and disclosed a federal investigation. Stamps.com Inc., down $114.43 to $83.65 The online shipping and postage company is ending its exclusive partnership with the U.S. Postal Service and gave a weak forecast. Allscripts Healthcare Solutions Inc., down $1.34 to $10.60 The electronic health records company's fourth-quarter results fell short of forecasts and it gave a weak outlook for the year. BJ's Restaurants Inc., down $3.22 to $48.75 The restaurant chain reported mixed fourth-quarter results and its comparable sales results fell short of forecasts. Cardtronics PLC, up $5.26 to $31.25 The ATM operator beat Wall Street forecasts for the fourth quarter and issued a strong outlook. Universal Display Corp., up $27.29 to $145.77 The LED technology company's profit beat Wall Street forecasts and its guidance … [Read more...] about Kraft and Stamps.com post big losses while Zillow jumps