WASHINGTON (AP) _ CoStar Group Inc. (CSGP) on Tuesday reported third-quarter earnings of $78.6 million.
On a per-share basis, the Washington-based company said it had profit of $2.15. Earnings, adjusted for one-time gains and costs, were $2.61 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The commercial real estate information and marketing provider posted revenue of $352.8 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $353.2 million.
For the current quarter ending in December, CoStar expects its per-share earnings to range from $2.52 to $2.64.
The company said it expects revenue in the range of $360 million to $366 million for the fiscal fourth quarter.
CoStar expects full-year earnings in the range of $9.90 to $10.02 per share, with revenue expected to be $1.39 billion.
CoStar shares have risen 70% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $572.63, a climb of 49% in the last 12 months.