Reported about 18 hours ago
CoStar, a commercial real estate data and analytics firm, has raised its annual revenue forecast following a significant increase in new bookings, reporting third-quarter revenue of $834 million, surpassing analysts' expectations. The company anticipates full-year revenue for 2025 to reach between $3.23 billion and $3.24 billion, up from earlier estimates. Although U.S. homebuilder sentiment is recovering due to declining mortgage rates, uncertainties in the economy and job market may affect future growth. Despite good quarterly results, CoStar's stock fell nearly 3% in extended trading.
Source: YAHOO