CoStar Group, Inc. (CSGP) reported earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $89.3 million, or $0.23 per share. This compares with $74.2 million, or $0.19 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $515.8 million from $457.7 million last year.
CoStar Group, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $89.3 Mln. vs. $74.2 Mln. last year.
-EPS (Q1): $0.23 vs. $0.19 last year.
-Analyst Estimate: $0.27
-Revenue (Q1): $515.8 Mln vs. $457.7 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.20-$0.21
Next quarter revenue guidance: $529-$534 Mln
Full year EPS guidance: $0.98-$1.03
Full year revenue guidance: $2.15-$2.17 Bln
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