Costar Group (CSGP) Tops Q2 EPS by 35c

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Go back to Costar Group (CSGP) Tops Q2 EPS by 35c

CoStar Group Second Quarter 2018 Revenue Grows 25% Year-over-Year, Net Income Grows 98%, Company Raises Full-Year Revenue and Earnings Guidance

July 24, 2018 4:00 PM EDT

WASHINGTON, July 24, 2018 /PRNewswire/ -- 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 June 30, 2018 was $297 million, an increase of 25% over revenue of $237 million for the second quarter of 2017. Net income for the quarter ended June 30, 2018 increased $22 million to $44 million or $1.20 per diluted share compared to $22 million for the second quarter of 2017, an increase of 98%. Non-GAAP net income (defined below) for the quarter ended June 30, 2018, which excludes one-time costs associated with the acquisition of ForRent... More