Redfin rises on strong quarterly results

Redfin

05/05/2023 13:56

** Shares of real estate broker Redfin Corp  RDFN.O  up 3.6%
at $7.33 premarket
    ** Co reports Q1 revenue of $325.7 mln, topping estimates of
$314.5 mln - Refinitiv data
    ** Posts smaller-than-expected Q1 loss of $0.55 per share vs
estimates of loss of $1.01 per share - Refinitiv data
    ** Expects Q2 total revenue between $268 mln and $281 mln,
below current estimates of $290.9 mln
    ** Up to last close, stock had risen 66.98% this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))