November 9, 2006 |
Online brokerage ZipRealty Inc. lowered its full-year forecast and said the slowing housing market prompted third-quarter profit to plunge 80%. The Emeryville-based company said net income fell to $622,000, or 3 cents a share, from $2.9 million, or 11 cents, a year earlier. Analysts polled by Thomson Financial expected earnings of 1 cent. Sales fell 7% to $26.2 million.
February 11, 2005 |
Online real estate brokerage ZipRealty Inc. on Thursday reported a fivefold jump in fourth-quarter profit as it doubled the number of sales agents and closed more property transactions during the period. The Emeryville, Calif., company reported net income of $888,000, or 1 cent a share, for the period ended Dec. 31, compared with $173,000, or zero cents a share, a year earlier. Revenue nearly doubled, to $17.5 million. ZipRealty had its initial public offering in November and raised $63.
May 9, 2006 |
Discount brokerage ZipRealty Inc. reported a narrower-than-expected loss in the first quarter as revenue rose 8%. The Emeryville, Calif.-based company said its net loss was $800,000, or 4 cents a share, contrasted with a profit of $700,000, or 3 cents, a year earlier. It had projected a loss of 17 cents to 22 cents. Revenue was $19.2 million. During the first quarter, the company opened offices in Houston and Tampa, Fla.
November 11, 2004 |
ZipRealty Inc. was one of Wall Street's hot properties Wednesday as the residential real estate brokerage rose more than 25% in first-day trading. The stock's debut was buoyed by investors' enthusiasm for the recently revitalized IPO market and the still-vibrant housing market. "It benefited from both," said Sal Morreale, who tracks initial public offerings for Cantor Fitzgerald. Emeryville, Calif.-based ZipRealty is an online firm that helps consumers buy and sell homes at a discount.
May 4, 2005 |
Online real estate brokerage ZipRealty Inc. swung to a better-than-expected profit in the first quarter and raised its earnings forecast for the year. The Emeryville, Calif.-based company, which went public in November, on Tuesday reported net income of $662,000, or 3 cents a share, contrasted with a loss of $115,000, or 19 cents, a year ago. Analysts, on average, were expecting per-share earnings of 1 cent. Revenue rose 63% to $17.
September 27, 2011 |
California's labor commissioner has sued real estate brokerage ZipRealty Inc. for nearly $18 million, including back pay, in her department's largest minimum-wage enforcement action. The complaint, filed Monday in Alameda County Superior Court, accused the Emeryville, Calif., firm of failing to pay minimum wages and overtime to hundreds of agents throughout the state. ZipRealty markets homes statewide and nationally through the Internet but relies on employee agents to respond to online queries and shepherd deals to closing.