Record Number of New Subscribing Firms Added During Quarter; Net Income Increases 178% Year Over Year, Company Raises Earnings Outlook for 2008BETHESDA, MD/PRNewswire-FirstCall/ -- CoStar Group, Inc. (NASDAQ:CSGP), the number one provider of information services to the commercial real estate industry, reports net income for the quarter ended March 31, 2008 increased 178% to $5.0 million, or $0.26 per diluted share, compared to $1.8 million, or $0.09 per diluted share for the quarter ended March 31, 2007.
EBITDA (earnings before interest, taxes, deprecation and amortization) for the first quarter of 2008 was $11.5 million, an increase of 128% compared to EBITDA of $5.0 million for the first quarter of 2007.
Revenues for the first quarter of 2008 were $52.3 million, a 16.6% increase over first quarter 2007 revenues of $44.8 million.
For a detailed copy of Co-Star’s news release, please go to www.costar.com/
EBITDA (earnings before interest, taxes, deprecation and amortization) for the first quarter of 2008 was $11.5 million, an increase of 128% compared to EBITDA of $5.0 million for the first quarter of 2007.
Revenues for the first quarter of 2008 were $52.3 million, a 16.6% increase over first quarter 2007 revenues of $44.8 million.
For a detailed copy of Co-Star’s news release, please go to www.costar.com/
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