Quarterly Net Income Up 363% Year-over-Year; Company Again Raises Earnings
Outlook for 2008 as Newly Launched CoStar Showcase Subscriptions Now
Approximately $4 Million
BETHESDA, Md., July 15 /PRNewswire-FirstCall/ -- CoStar Group, Inc.
(Nasdaq: CSGP), the number one provider of information/marketing services
to the commercial real estate industry, today announced that its second
quarter 2008 net income increased 363% to $5.4 million, or $0.28 per
diluted share, compared to $1.2 million, or $0.06 per diluted share for the
same period a year ago. EBITDA (earnings before interest, taxes,
depreciation and amortization) for the second quarter of 2008 was $12.8
million, an increase of 204% compared to EBITDA of $4.2 million for the
second quarter of 2007. Revenues for the second quarter of 2008 were $53.5
million compared to $47.8 million for the second quarter of 2007 and $52.3
million for the first quarter of 2008. Core U.S. subscription revenue
increased 2.9% from the first quarter to the second quarter 2008,
consistent with the past several quarters.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060510/COSTARLOGO )
Year 2007-2008 Quarterly Results
(in millions, except per share data)
2007 2008
-------------------------- ------------
Q1 Q2 Q3 Q4 Q1 Q2
-------------------------- ------------
Revenues $44.8 $47.8 $49.3 $50.8 $52.3 $53.5
EBITDA 5.0 4.2 8.0 16.8 11.5 12.8
Net income 1.8 1.2 3.3 9.7 5.0 5.4
Net income per share - diluted 0.09 0.06 0.17 0.50 0.26 0.28
Weighted average outstanding
shares - diluted 19.2 19.3 19.5 19.5 19.4 19.5
"Excluding the fourth quarter of 2007 and other quarters with one-time
gains, our second quarter 2008 earnings results are the strongest ever f[1] [2] [3] [4] [5] [6] [7] [8] [9] 下一页
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