BUZZ-Zillow slumps after Q4 profit miss

Reuters
Feb 11
BUZZ-<a href="https://laohu8.com/S/Z">Zillow</a> slumps after Q4 profit miss

** Online real estate firm Zillow ZG.O down 13% at $51.75 after Q4 profit miss

** Quarterly adj. EPS of 39 cents misses analysts' estimates of 40 cents, but revenue tops expectations - data compiled by LSEG

** At least seven brokerages cut PT on stock after results; median PT is $80

** J.P. Morgan trims PT to $84 from $95; says Zillow’s fundamentals remain strong, but higher-than-expected legal expenses weigh on adj. EBITDA

** Last June, the U.S.'s largest residential real estate brokerage Compass COMP.N sued ZG, accusing it of violating federal antitrust law by conspiring to restrict private home listings

** As of last close, stock down ~35% in the past 12 months, compared with a 0.6% dip in the Nasdaq .IXIC

(Reporting by Medha Singh)

((Medha.Singh@thomsonreuters.com;))

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