PRESS RELEASE DETAIL


Jan 09, 2008

CoStar Group, Inc. Raises Third Quarter 2001 Earnings Guidance by 30 Percent

2001-09-17 2001 CoStar Group, Inc. Raises Third Quarter 2001 Earnings Guidance by 30 Percent Company Moves More Rapidly Toward Earnings

BETHESD...

2001-09-17 2001 CoStar Group, Inc. Raises Third Quarter 2001 Earnings Guidance by 30 Percent Company Moves More Rapidly Toward Earnings

BETHESDA, Md, September 17, 2001 – CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of information services to the U.S. commercial real estate industry, today updated financial guidance for 2001 third quarter results. The Company now expects that third quarter pro forma net losses will narrow by $0.09-$0.11 per share, a 30 percent or $0.03 per share improvement over previous guidance announced in its second quarter earnings release on July 24, 2001.

The Company stated that the guidance for revenue growth will remain constant, at a range of 2 percent to 3 percent sequentially in the third quarter over the second quarter. Reductions in the Company's cost structure occurred more rapidly than expected during the quarter, moving the Company toward earnings. With these results, the Company believes it is very well positioned to achieve its stated goal of pro forma profitability by the end of 2001.

Management expects to release earnings results for the third quarter ended September 30, 2001 and its outlook for 2001 on Wednesday, October 24, 2001.

About CoStar Group, Inc.

Headquartered in Bethesda, Md, CoStar Group, Inc. (NASDAQ: CSGP), is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information in over 50 U.S. markets. The company has approximately 900 employees and contractors nationally, including approximately 650 highly trained commercial real estate research professionals in 27 offices.

This news release includes "forward-looking statements," which involve many risks and uncertainties that could cause actual results to differ materially from these statements. Factors that could cause or contribute to such differences include, but are not limited to, successful adoption of the Company's products, competition, changes or consolidations in the commercial real estate industry, the economy, managerial execution, development of CoStar's sales force, cancellations, data quality, employee retention, and the Company's ability to control costs. More information about potential factors that could cause actual results to differ materially include, but are not limited to, those stated in CoStar's Form 10-Q for the quarter ended June 30, 2001 under the heading "Risk Factors". In addition to these statements, there can be no assurance that CoStar's revenues will grow at the rates specified herein, that CoStar's losses will narrow, that CoStar's pro forma net losses will continue to narrow at rates specified herein, that CoStar's pro forma earnings will continue to improve, or that CoStar will have positive pro forma earnings before the end of 2001. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.
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