Redfin stock slips on mixed outlook

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Redfin stock slips on mixed outlook
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Redfin Corp. shares slipped in the extended session Wednesday following an initial rise after the real-estate site gave a mixed outlook. Redfin shares fell...

Redfin Corp. RDFN, -3.24% shares slipped in the extended session Wednesday following an initial rise after the real-estate site gave a mixed outlook. Redfin shares fell 2.7% after hours, following a 3.2% decline to close the regular session at $20.04. For the second quarter, Redfin expects a net loss of $14.7 million to $11.3 million on revenue of $183.7 million to $193.1 million, while analysts surveyed by FactSet had forecast a loss of $5.8 million on revenue of $177.3 million.

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