04:42 PM EDT, 07/23/2024 (MT Newswires) -- CoStar Group ( CSGP ) reported Q2 non-GAAP earnings late Tuesday of $0.15 per diluted share, down from $0.31 a year earlier.

Analysts surveyed by Capital IQ expected $0.09.

Revenue in the quarter ended June 30 rose to $677.8 million from $605.9 million a year earlier.

Analysts surveyed by Capital IQ expected $677.2 million.

The company expects Q3 non-GAAP diluted EPS of $0.15 to $0.16 on revenue of $692 million to $697 million. Analysts surveyed by Capital IQ expect EPS of $0.18 on revenue of $703.5 million.

CoStar ( CSGP ) raised full-year 2024 non-GAAP diluted EPS guidance to $0.64 to $0.66 from $0.58 to $0.62. Analysts surveyed by Capital IQ expect $0.62. The revenue forecast was reduced to $2.74 billion to $2.75 billion from $2.76 billion to $2.77 billion. Analysts expect $2.77 billion.

Shares of the company fell 3.9% in recent after-hours activity.

Price: 71.90, Change: -2.94, Percent Change: -3.93