After today's market close, Zillow posted earnings of 4 cents per diluted share, above Wall Street's expected loss of 2 cents per share.
Pro forma revenue came in at $224.59 million, which was higher than analysts' projected $221.86 million.
For the year-ago period, Seattle-based Zillow reported a loss of 15 cents per diluted share on pro forma revenue of $176.77 million.
The company lifted its 2016 fourth-quarter revenue outlook to be between $218.0 million and $223.0 million. Analysts surveyed by FactSet are looking for $222.3 million in revenue.
Zillow now expects full-year revenue to be in the range of $837.0 million to $842.0 million. The FactSet consensus is for revenue of $837.3 million.
About 2.78 million shares of Zillow have been traded so far today, well above the company's average trading volume of roughly 1.10 million shares a day.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
The team rates Zillow as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.