CoStar Group Q3 Profit Rises - Quick Facts

(RTTNews) - CoStar Group Inc. (CSGP) Wednesday reported third-quarter profit of $11.1 million or $0.39 per share, up from $6.8 million or $0.24 per share in the same period last year.

Adjusted earnings for the quarter was $20.2 million or $0.71 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.63 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues grew to $112.3 million from $96.0 million last year. Analysts expected revenues of $111.71 million.

Looking ahead to the fourth-quarter, the company has forecast adjusted earnings in the range of approximately $0.72 to $0.75 per share. Analysts currently expect the company to earn $0.64 per share for the fourth quarter.

For the fiscal 2013, the company has raised its adjusted earnings outlook to $2.51 to $2.54 per share from $2.31 to $2.36 per share, issued previously. Full-year revenues are projected in a range of $438 million to $440 million, up from its previous guidance range of $434 million to $438 million.

Analysts currently expect the company to report full-year earnings of $2.35 per share on revenues of $437.62 million.