CoStar: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:34 PM ET
Last Updated - Apr 24, 2024, 03:24 AM EDT
WASHINGTON (AP) — WASHINGTON (AP) — CoStar Group Inc. (CSGP) on Tuesday reported first-quarter net income of $6.7 million.
The Washington-based company said it had net income of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The commercial real estate information and marketing provider posted revenue of $656.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $649.3 million.
