CoStar Group, Inc. Reports Rise In Q1 Income, but misses estimates

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.

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

For comments and feedback contact: editorial@rttnews.com

Follow RTT