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Ziprealty Inc

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BUSINESS
May 21, 2004 | From Dow Jones/Associated Press
ZipRealty Inc. filed an initial public offering Thursday to sell as much as $69 million in common stock, according to documents filed with the Securities and Exchange Commission. Details about the number of shares offered and estimated price range for the shares weren't disclosed in the filing. The Emeryville, Calif., company provides residential real estate brokerage services. It plans to list its common stock on the Nasdaq National Market under the symbol ZIPR.
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BUSINESS
November 9, 2006 | Annette Haddad
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.
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BUSINESS
June 7, 2005 | From Associated Press
Residential brokerage firm ZipRealty Inc. said two former employees may file a class-action lawsuit against the company, challenging ZipRealty's practice of requiring a minimum level of productivity from California real estate agents to effectively qualify for an expense allowance. The Emeryville, Calif.-based company said that this practice was previously reviewed by outside employment counsel, and that ZipRealty was committed to "vigorously defending its business practices as appropriate."
BUSINESS
May 9, 2006 | From a Times Staff Writer
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.
BUSINESS
November 9, 2006 | Annette Haddad
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.
BUSINESS
February 11, 2005 | Annette Haddad, Times Staff Writer
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.
BUSINESS
May 9, 2006 | From a Times Staff Writer
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.
BUSINESS
November 11, 2004 | Annette Haddad, Times Staff Writer
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.
BUSINESS
May 4, 2005 | Annette Haddad, Times Staff Writer
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.
BUSINESS
September 27, 2011 | By Marc Lifsher, Los Angeles Times
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.
BUSINESS
June 7, 2005 | From Associated Press
Residential brokerage firm ZipRealty Inc. said two former employees may file a class-action lawsuit against the company, challenging ZipRealty's practice of requiring a minimum level of productivity from California real estate agents to effectively qualify for an expense allowance. The Emeryville, Calif.-based company said that this practice was previously reviewed by outside employment counsel, and that ZipRealty was committed to "vigorously defending its business practices as appropriate."
BUSINESS
May 4, 2005 | Annette Haddad, Times Staff Writer
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.
BUSINESS
February 11, 2005 | Annette Haddad, Times Staff Writer
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.
BUSINESS
November 11, 2004 | Annette Haddad, Times Staff Writer
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.
BUSINESS
May 21, 2004 | From Dow Jones/Associated Press
ZipRealty Inc. filed an initial public offering Thursday to sell as much as $69 million in common stock, according to documents filed with the Securities and Exchange Commission. Details about the number of shares offered and estimated price range for the shares weren't disclosed in the filing. The Emeryville, Calif., company provides residential real estate brokerage services. It plans to list its common stock on the Nasdaq National Market under the symbol ZIPR.
BUSINESS
June 6, 2005 | From Bloomberg News
The cost of renting a home in Los Angeles and elsewhere in Southern California is rising because of growing demand from people unable to buy. Rental prices in Los Angeles rose 4.6% in the fourth quarter to an average of $1,408 a month, spurred by a 20% increase in the price of previously owned homes, according to a report issued Saturday by the Los Angeles County Economic Development Corp. The population of Southern California, home to 20.7 million people, may grow 7.
BUSINESS
September 25, 2008 | Alex Veiga, The Associated Press
Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday. About 106,000 existing homes and condos were sold last month in the 13-state region. Without adjusting for seasonal factors, that number is up about 1% from the same month last year and flat versus July's figures, according to the National Assn. of Realtors.
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