SEATTLE (AP) _ Zillow Group Inc. (ZG) on Tuesday reported first-quarter net income of $52 million, after reporting a loss in the same period a year earlier.

The Seattle-based company said it had net income of 20 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The online real estate marketplace posted revenue of $1.22 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.1 billion.

Zillow shares have dropped nearly 9% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZG at https://www.zacks.com/ap/ZG