๐ CoStar $CSGP tanks 15% premarket โ guidance cut stings despite earnings beat
CoStar Group beat Q2 EPS estimates ($0.32 vs $0.29 expected) but revenue came in at $925M, missing the $947M estimate โ and management slashed the full-year revenue outlook to $3.74B from $3.8B. Q3 guidance also landed 2.9% below Wall Street forecasts. The market is punishing the strategic pivot from growth to margins, with shares down ~15% before the bell. Do you think the profitability story eventually wins out? Not financial advice.
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