Costar Group Earnings: Solid Results Overshadowed by Slight Revenue Guidance Cut; Shares Attractive

CoStar Group reported solid second-quarter results, with revenue and adjusted EBITDA growing by 18% and 116%, respectively, from a year ago. Still, the full-year revenue guidance, cut by 1.7% to $3,735 billion at the midpoint, remained the key focus, sending shares down in the low double digits.