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Zillow (Z) stock fell Tuesday after the company’s CEO said in a morning conference call update with analysts that the online real estate site will miss 2015 expectations, partly because of the lengthy federal review of its purchase of rival firm Trulia, which closed in February. Zillow Group CEO Spencer Rascoff guided full-year pro-forma revenue of $690 million, nearly 7% below Wall Street’s consensus estimate of $740 million. He also projected Scalper1 News
Scalper1 News