Redfin Corp. (RDFN) shares rose 5% in the extended session Wednesday after the residential real-estate company reported third-quarter profit and sales above Wall Street expectations. Redfin said it earned $6.8 million, or 7 cents a share, in the quarter, compared with $3.5 million, or 4 cents a share, in the third quarter of 2018. Revenue rose 70% to $239 million from $140 million, the company said. Analysts expected GAAP earnings of 4 cents a share on sales of $230 million. Redfin said it expects fourth-quarter revenue between $211 million and $220 million, and a net loss between $12.8 million and $9.5 million for the quarter. The stock had ended the regular trading day down 1.8%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 06, 2019 16:55 ET (21:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.