CoStar posts $925M in quarterly revenue as Oppenheimer builds new stake
CoStar Group reported $925M revenue for the quarter ended July 28, up 18.4% YoY but slightly below analysts’ $928.81M estimate. EPS was $0.32 versus $0.29 consensus. Oppenheimer Asset Management added 265,401 shares worth about $7.5M in Q2, per its 13F. CoStar guided Q3 EPS to $0.31-$0.34 and FY EPS to $1.32-$1.39.
