Costar Group (CSGP) Tops Q1 EPS by 11c

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Go back to Costar Group (CSGP) Tops Q1 EPS by 11c

CoStar Group Grows First Quarter Net Income 32% Year-over-Year; First Quarter Sales Bookings Accelerate to Record $35 Million; Raises Full-Year Earnings and Revenue Guidance

April 26, 2017 5:56 PM EDT

WASHINGTON, April 26, 2017 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended March 31, 2017 was $227 million, an increase of 13% over revenue of $200 million in the first quarter of 2016. Company-wide net bookings were $35 million in the first quarter of 2017, an increase of 14% year-over-year versus the first quarter of 2016 and up 18% from the fourth quarter of 2016.

We had an exceptionally strong first quarter of 2017 as our investments in our sales force, marketing campaigns, technology enhancements and research improvements... More