Zillow Posts Quarterly Loss; Attracted 140 Million Unique Visitors in March

Zillow (Z) reported first quarter earnings after the closing bell on Tuesday. The company reported a loss of 5 cents per share, compared to the 12 cent loss analysts from FactSet were expecting. Sales came in at $127.3 million, slightly missing revenue estimates. These numbers include results from Trulia, which the company acquired on February 17. Zillow Group CEO Spencer Rascoff said in a statement: 'We have integrated the Zillow mortgage and rentals products into Trulia, giving our advertisers and partners access to an even wider consumer audience. We are on track to combine our agent advertising business by the end of 2015, setting us up to fully realize the potential of Zillow Group's huge and growing audience.' During the month of March, Zillow Group's properties, which include Zillow, Trulia, StreetEasy and HotPads attracted some 140 million unique visitors.