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via finance.yahoo.comBusiness & Companies

CoStar Q3 earnings call: shares fall despite revenue beat

FROM THE WIRE · FINANCE.YAHOO.COM

CoStar's Q3 earnings call: our top 5 analyst questions CoStar's third quarter was marked by a negative market response, despite revenue and non-GAAP profit surpassing Wall Street's expectations. Management attributed the disconnect to slower-than-anticipated net new bookings…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCoStar shares reacted negatively because net new bookings came in below expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue was 952 million dollars, above estimates.
  2. 02Annualized net new bookings were 37 million dollars, below expectations.
  3. 03Management linked the shortfall to economic headwinds and reduced sales force capacity.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoStar Group, Inc.CSGPStock30.17 USDMarket closedtoday +7.21%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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