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CoStar Q3 Non-GAAP Earnings Decrease, Revenue Rises; Full-Year Outlook Revised
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CoStar Q3 Non-GAAP Earnings Decrease, Revenue Rises; Full-Year Outlook Revised
Oct 22, 2024 2:01 PM

04:33 PM EDT, 10/22/2024 (MT Newswires) -- CoStar Group ( CSGP ) reported Q3 non-GAAP earnings late Tuesday of $0.22 per diluted share, down from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended Sept. 30 was $692.6 million, up from $624.7 million a year earlier.

Analysts surveyed by Capital IQ expected $696.1 million.

The company said it expects Q4 non-GAAP diluted EPS between $0.21 and $0.23 and revenue between $693 million and $703 million. Analysts polled by Capital IQ expect $0.24 and $713.9 million, respectively.

The company expects full-year 2024 non-GAAP diluted EPS between $0.67 and $0.69 and revenue between $2.72 billion and $2.73 billion. The previous guidance was non-GAAP diluted EPS between $0.64 and $0.66 and revenue between $2.74 billion and $2.75 billion. Analysts surveyed by Capital IQ expect $0.66 and $2.75 billion, respectively.

Shares of the company fell 5.6% in recent after-hours activity.

Price: 72.55, Change: -4.32, Percent Change: -5.62

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