CoStar reports higher Q3 earnings and revenue in Arlington

CoStar Group Inc., headquartered in Arlington, Virginia, reported third-quarter net income of $74 million, or 18 cents per share, according to WTOP.

The company's adjusted earnings were 38 cents per share, surpassing the average analyst estimate of 34 cents per share, WTOP reported.

CoStar's revenue for the quarter reached $952 million, slightly exceeding analyst expectations of $951 million, WTOP noted.

Looking ahead, CoStar projects earnings per share between 46 and 50 cents and revenue ranging from $976 million to $996 million for the fiscal fourth quarter, according to WTOP.

For the full year, the company expects earnings per share between $1.38 and $1.41 and revenue between $3.75 billion and $3.77 billion, WTOP reported.