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Stock Market & Financial Investment News

News Breaks
March 21, 2013
07:25 EDTCSGP, CSGPCoStar Group management to meet with JMP Securities
Meeting to be held in Minneapolis on March 25 hosted by JMP Securities.
News For CSGP From The Last 14 Days
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October 30, 2014
12:31 EDTCSGPCoStar says analyst FY15 revenue consensus may not factor in some variables
CoStar management stated on its earning conference call earlier that the company expects FY15 revenue trends to be impacted by the repositioning of LoopNet as well as the full year impact of its decision to discontinue non-core services at Apartments.com. Management also said that while the company's budget process has just begun and that it is not ready to provide an FY15 guidance range, that it will factor both of these items into its model and that it does not believe the current consensus revenue estimate of $670M factors in those two elements.
12:08 EDTCSGPCoStar Group says FY15 an 'investment year,' see FY16 growth rates higher
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12:04 EDTCSGPCoStar Group raises FY14 EPS view to $3.22-$3.26, consensus $3.09
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12:03 EDTCSGPCoStar Group sees Q4 EPS 85c-89c, consensus 80c
CoStar Group stated last night that it has already started to reinvest some of the benefits of its recent strong performance to expand core research efforts to support continued growth in owner and institutional investor customer verticals, to support Apartments.com and to prepare for expansion into new Canadian markets in 2015. The impact of these investments is expected to be $4M-$5M, or 7c-9c of non-GAAP net income per diluted share, in Q4 and approximately $20M-$25M for FY15.
October 29, 2014
16:57 EDTCSGPCoStar Group reports Q3 EPS 87c, consensus 79c
Reports Q3 revenue $153.1M, consensus $150.87M.

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