CoStar Group, Inc. Q3 Profit Increases, Inline With Estimates

(RTTNews) - CoStar Group, Inc. (CSGP) announced earnings for its third quarter that increased from the same period last year in line with the Street estimates.

The company's earnings came in at $90.57 million, or $0.22 per share. This compares with $72.29 million, or $0.18 per share, in last year's third quarter.

Excluding items, CoStar Group, Inc. reported adjusted earnings of $120.17 million or $0.30 per share for the period.

Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.2% to $624.67 million from $556.92 million last year.

CoStar Group, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $90.57 Mln. vs. $72.29 Mln. last year. -EPS (Q3): $0.22 vs. $0.18 last year. -Analyst Estimate: $0.30 -Revenue (Q3): $624.67 Mln vs. $556.92 Mln last year.

-Guidance: Next quarter EPS guidance: $0.31 - $0.32 Next quarter revenue guidance: $630 - $635 Mln Full year EPS guidance: $1.21 - $1.22 Full year revenue guidance: $2.445 - $2.450 Bln