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CoStar Group Q1 Non-GAAP Earnings Fall, Revenue Rises; 2024 Outlook Revised
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CoStar Group Q1 Non-GAAP Earnings Fall, Revenue Rises; 2024 Outlook Revised
Apr 23, 2024 1:53 PM

04:43 PM EDT, 04/23/2024 (MT Newswires) -- CoStar Group ( CSGP ) reported Q1 non-GAAP earnings late Tuesday of $0.10 per diluted share, down from $0.29 a year ago.

Analysts surveyed by Capital IQ expected $0.07.

Revenue for the quarter ended March 31 was $656.4 million, up from $584.4 million a year earlier.

Analysts surveyed by Capital IQ expected $649.5 million.

The company said it expects Q2 non-GAAP diluted EPS of $0.09 to $0.10. Analysts surveyed by Capital IQ expect $0.09. Revenue for the quarter is forecast from $674 million to $679 million. Analysts expect $678.7 million.

CoStar ( CSGP ) expects full-year 2024 non-GAAP diluted EPS of $0.58 to $0.62. Analysts surveyed by Capital IQ expect $0.60. Sales for the year are projected from $2.76 billion to $2.77 billion. Analysts expect $2.77 billion.

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