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Zillow (ZG) Stock Slides in After-Hours Trading on 2Q Loss

Updates to note effect of legal costs on the quarterly loss.

NEW YORK (TheStreet) -- Shares of Zillow Group (ZG) were falling in after-hours trading on Thursday after the company posted a bigger-than-anticipated loss for the 2016 second quarter.

After today's closing bell, the Seattle-based online real estate company reported an adjusted loss of 71 cents per share, wider than estimates for a loss of 3 cents per share. However, when adding back a $130 million...