Days after Zillow took a beating for lowering its 2018 revenue projection, Redfin scaled back its own third-quarter forecast, citing “volatility” and a “significant slowdown” in recent weeks. The warning came despite growth in Redfin’s second-quarter revenue, which rose 36 percent year-over-year to $142.6 million. Redfin’s net income for the quarter was $3.2 million, compared to $4.3 million during the second quarter of 2017. But CEO Glenn Kelman cautioned investors that the market was likely […]
source https://therealdeal.com/2018/08/10/redfins-glenn-kelman-warns-of-market-volatility-and-slowdown-ahead/
No comments:
Post a Comment