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Why CoStar Group Stock Is Falling Today

Why CoStar Group Stock Is Falling Today

Shares of CoStar Group (NASDAQ: CSGP) were down more than 6% this morning after the company reported earnings yesterday afternoon. Although the company raised revenue guidance for the full year, expenses related to its acquisition of residential marketplace Homes.com is causing it to lower its projections for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). For now, CoStar management deserves the benefit of the doubt.