Why Zillow Stock Crashed an Unlucky 13% Today

Zillow Group (Z -11.67%) (ZG -12.83%) stock tumbled 13.1% through 10:20 a.m. ET Wednesday, despite beating Wall Street sales forecasts in its earnings release last night.Heading into the quarter, analysts forecast Zillow would collect $546.7 million in sales for its fourth quarter of 2024. In fact, Zillow reported revenue of$554 million. Zillow Group Q4 earningsThis was a pleasant surprise, and not only to analysts. Zillow noted that it, too, was surprised by its sales strength, which grew 17% year over ye ...