Why CoStar Group Stock Was Sliding Today [Yahoo! Finance]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations:
costargroup.com/investors/stock-info
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Source: Yahoo! Finance
Shares of CoStar Group (NASDAQ: CSGP) , the leading commercial real estate listing platform, were falling after the company delivered disappointing results in its third-quarter earnings report today. As a result, the stock was down 9.1% as of 11:08 a.m. ET on the news. CoStar's growth isn't enough CoStar reported 11% revenue growth to $692.6 million, though that was short of the consensus at $696.1 million. The performance marked its 54th consecutive quarter of double-digit revenue. The company said Apartments.com and CoStar both delivered solid results. Average monthly unique visitors across the business jumped 28% to 163 million, but growth on the bottom line was a problem. Adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) came in at $76 million, down from $112 million in the quarter a year ago, as the company stepped up sales and marketing spending. CoStar reported adjusted earnings per share of $0.22, down from $0.30 in the quarter a
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CSGP
Earnings
- 10/22/24 - Beat
CSGP
Sec Filings
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- 10/25/24 - Form 144
- CSGP's page on the SEC website