CoStar Group, Inc. (CSGP) reported a first-quarter net loss of $2.41 million or $0.09 per share, compared to profit of $5.13 million or $0.20 per share, last year. Adjusted net income per share for the quarter was $0.47, compared to $0.32 prior year. Revenue was $104.0 million compared to $68.6 million, an increase of 52% year-over-year. Operating expenses were $73.03 million, compared to $35.69 million prior year.
On average, five analysts polled by Thomson Reuters expected the company to report profit of $0.44 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $102.55 million for the quarter.
For the second quarter of 2013, the company expects adjusted net income per share in the range of approximately $0.50 to $0.53. For the full year of 2013, the company currently expects adjusted net income per share in a range of approximately $2.12 to $2.22. Analysts expect the company to report second-quarter profit per share of $0.52. Analysts expect the company to report fiscal 2013 profit per share of $2.13.
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