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Zillow tops Street 3Q forecasts

SEATTLE (AP) _ Zillow Group Inc. (ZG) on Tuesday reported third-quarter earnings of $9.2 million.

On a per-share basis, the Seattle-based company said it had net income of 5 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 19 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The online real estate marketplace posted revenue of $281.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $276.8 million.

For the current quarter ending in December, Zillow said it expects revenue in the range of $274 million to $279 million.

The company expects full-year revenue of $1.07 billion.

Zillow shares have increased 10 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZG at https://www.zacks.com/ap/ZG