20.02.2024 22:40:27 - dpa-AFX: CoStar Group, Inc. Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - CoStar Group, Inc. (CSGP) announced earnings for
fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $96.4 million, or $0.24 per share. This
compares with $124.4 million, or $0.31 per share, in last year's fourth quarter.

Excluding items, CoStar Group, Inc. reported adjusted earnings of $133.4 million
or $0.33 per share for the period.

Analysts on average had expected the company to earn $0.32 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 11.7% to $640.1 million from $573.3
million last year.

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

-Earnings (Q4): $96.4 Mln. vs. $124.4 Mln. last year.
-EPS (Q4): $0.24 vs. $0.31 last year.
-Analyst Estimates: $0.32
-Revenue (Q4): $640.1 Mln vs. $573.3 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.06 - $0.07
Next quarter revenue guidance: $645 - $650 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
COSTAR GROUP INC. DL-,01 922134 Frankfurt 78,800 24.05.24 08:10:44 -1,330 -1,66% 0,000 0,000 78,800 80,130

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