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[-]  08-11-18 22:52

Redfin stock tumbles as tech-powered brokerage surpasses Wall Street expectations
Redfin beat Wall Street expectations for revenue and profits in the third quarter, but its stock is falling in after-hours trading. The tech-powered real estate brokerage reported net profits of $3.5 million — $0.04 per share — on $140.3 million in revenue, a 28 percent increase over a year ago. Analysts surveyed in advance expected Redfin to post earnings of $0.02 per share on $139.27 million in revenue. If Redfin beat expectations, then why is the stock dropping? It appears the company to...

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