🔴 CoStar Group is trading 11.22% down in after-hours trading on below-consensus Q4 EPS outlook

CoStar Group is trading 11.22% down at $28.42 after its October 27 earnings release and Q4 adjusted EPS outlook of $0.46–$0.50, slightly below the cited $0.49 consensus.

• Q3 revenue hit a record $952 million; adjusted EBITDA was $229 million, doubling year over year.
• CoStar raised full-year guidance and announced a $730 million Vexcel acquisition, adding aerial imagery and geospatial data to its proprietary datasets.
• Coverage reported shares fell after hours following the results.