Zillow Profit View Misses on Cool Housing Market, Legal Costs

Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin.

The Seattle-based company said Tuesday it sees adjusted earnings before interest, taxes, depreciation and amortization range with a midpoint of $167.5 million for the three months ending March 31, missing Wall Street’s estimates of $182.7 million.