Earnings Results: Zillow predicts its first $2 billion quarter and blows away earnings expectations, but stock sinks

Zillow Group Inc. on Thursday forecast large growth in its newer home-flipping business and its first $2 billion quarter of sales, but the costs of that effort seem to be cutting into profit and hurting the stock.

Zillow Group Inc. on Thursday forecast large growth in its newer home-flipping business and its first $2 billion quarter of sales, but the costs of that effort seem to be cutting into profit and hurting the stock.