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Article: ZipRealty, Inc. Announces Third Quarter 2005 Results; Net Revenues Increase 61% over Prior Year Period.
- Article from:
- Business Wire
- Article date:
- November 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EMERYVILLE, Calif. -- ZipRealty, Inc. (Nasdaq: ZIPR) today announced financial results for its third quarter ended September 30, 2005. For the quarter, net revenues were $28.2 million, a 61% increase from the $17.6 million reported in the third quarter of 2004. Net income for the third quarter was $2.9 million compared to $1.3 million in the third quarter of 2004. Net income per diluted share was $0.11 and $0.00 for the third quarters ended September 30, 2005 and 2004, respectively.
Eric Danziger, Chief Executive Officer of ZipRealty, commented, "Our third quarter and year-to-date performance underscores the strength of our business model. Agent count and ...