CoStar Group Grows Year-Over-Year Revenue 36% and EBITDA 49%
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CoStar Group, Inc. (CSGP) Surge 14% on Strong Q2, Raised Outlook
July 24, 2014 10:29 AM EDTCoStar Group, Inc. (NASDAQ: CSGP) is trading up 13.9% following strong Q2 results and raised guidance.
CoStar Group reported Q2 EPS of $0.80, $0.10 better than the analyst estimate of $0.70. Revenue for the quarter rose 36% to $147.7 million versus the consensus estimate of $144.23 million. EBITDA in the second quarter of 2014 increased to $37.6 million compared to $25.3 million in the second quarter of 2013, which represents an increase of $12.3 million or 49% year-over-year. Adjusted EBITDA (defined below) was $45.3... More
