🟢 CoStar Group is trading 5.3% up today after raising full-year revenue and EBITDA guidance

CoStar Group is trading at $29.64, up 5.31%, after third-quarter revenue reached $952 million and adjusted EBITDA was $229 million, doubling year over year. The company also raised its full-year revenue and adjusted EBITDA guidance.

• Net new bookings were $37 million, and weak bookings had weighed on shares after the report.
• Software-sector weakness was a headwind, with IGV down 4.26% during the regular session, but does not explain CoStar Group’s gain.