Costar Group (CSGP) Tops Q2 EPS by 8c, Updates Guidance
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CoStar Group Grows Second Quarter Revenue 21% and Drives Expenses Down 6% Year-over-Year
July 27, 2016 4:15 PM EDTWASHINGTON, July 27, 2016 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended June 30, 2016 was $207 million, an increase of 21% over revenue of $171 million for the second quarter of 2015. Cost of revenues and operating expenses were reduced by 6% in the second quarter of 2016 to $179 million versus $191 million in the second quarter of 2015.
After a successful investment year in 2015, we have created a surge in profitability in the first half of 2016 as we continue to grow the top line... More
