CoStar: Q2 Earnings Snapshot

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — CoStar Group Inc. (CSGP) on Tuesday reported second-quarter net income of $55 million.

On a per-share basis, the Arlington, Virginia-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The commercial real estate information and marketing provider posted revenue of $925 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $929.3 million.

For the current quarter ending in September, CoStar expects its per-share earnings to range from 31 cents to 34 cents.

The company said it expects revenue in the range of $935 million to $945 million for the fiscal third quarter.

CoStar expects full-year earnings in the range of $1.32 to $1.39 per share, with revenue ranging from $3.72 billion to $3.76 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSGP at https://www.zacks.com/ap/CSGP