CoStar Group Reports 2Q Results; We're Modestly Increasing Our FVE
Wide-moat CoStar Group increased revenue guidance by $7 million at the midpoint to between $954 million to $960 million for 2017 and upped non-GAAP EPS $0.12 at the midpoint to between $4.42 and $4.52 per diluted share. CoStar Suite recorded its best quarter ever with revenue up 13%, while Apartments.com continues to grow revenue at 24% year-over-year. The investments the company has made in both its people and facilities are clearly hitting the bottom line faster than most expected. We’ve updat...CoStar Group provides information, analytics and online marketplace services to the commercial real estate and related business community through its database of commercial real estate information covering the U.S., the U.K., and parts of Canada, Spain, Germany and France. The company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The company operates within two operating segments, North America and International, and its services are distributed to its clients under subscription-based license agreements that renew automatically, a majority of which have a term of one year.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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