CoStar Group Inc. (CSGP) Wednesday reported fourth-quarter net income of $4.7 million or $0.17 per share, compared with $5.2 million or $0.20 per share last year.
Excluding items, adjusted earnings for the quarter were $12.6 million or $0.46 per share, compared with $8.4 million or $0.33 per share a year ago.
Revenues for the quarter were $100 million, compared with $66 million a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.43 per share on revenues of $98.17 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the first quarter, the company expects adjusted earnings of $0.41 to $0.45 per share on revenues of $101 million to $103 million.
Analysts currently expect earnings of $0.42 per share on revenues of $101.95 million for the first quarter.
For the full year 2013, the company estimates adjusted earnings of $2.08 to $2.20 per share on revenues of $424 million to $429 million.
Analysts currently expect earnings of $2.13 per share on revenues of $425.43 million for 2013.
CoStar Group provides information and analytic services to the commercial real estate industry.
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