CoStar Group Inc (CSGP) Releases Earnings Results, Beats Expectations By $0.08 EPS

CoStar Group Inc (CSGP) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.83. The company posted revenue of $207.00 million in the period, compared to analysts expectations of $205.58 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

CoStar Group Inc closed down -15.51 points or -6.96% at $207.2 with 4,76,322 shares getting traded on Thursday. Post opening the session at $211, the shares hit an intraday low of $205.04 and an intraday high of $218 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Nov 16, 2015, Francis Carchedi (Executive VP, Operations) sold 3,414 shares at $201.65 per share price. According to the SEC, on Nov 12, 2015, Andrew C Florance (President and CEO) sold 17,612 shares at $205.10 per share price. On Jun 16, 2015, David Jay Steinberg (director) sold 1,225 shares at $204.82 per share price, according to the Form-4 filing with the securities and exchange commission.

CoStar Group Inc. (CoStar) is a provider of information analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar LoopNet BizBuySell and LandsofAmerica. The Company has operations in the United States Canada the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease comparable sales information information about properties for sale tenant information Internet marketing services analytical capabilities information for clients’ Websites information about industry professionals and their business relationships data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

CoStar Group Inc

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