Zillow’s stock price climbed more than 12 percent to as much as $84 in after-hours trading Tuesday after the Seattle online real-estate company reported second-quarter results that beat Wall Street expectations.
The company reported revenue of $171.3 million, more than double the number from last year. But it posted a $38.7 million loss, including $1.7 million related to Zillow’s acquisition of Trulia and $6.7 million in restructuring costs, as part of the plan the company announced earlier this year.
The results surprised investors and analysts, some of whom had been expecting the worst quarter in two years.