CoStar shares are trading lower after the company reported worse-than-expected Q3 sales results and issued Q4 and FY23 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
CoStar's shares are trading lower following the company's Q3 sales results, which were below expectations. The company also issued Q4 and FY23 EPS and revenue guidance below estimates.
October 24, 2023 | 8:33 pm
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CoStar's stock is trading lower due to worse-than-expected Q3 sales results and lower Q4 and FY23 EPS and revenue guidance.
CoStar's stock is trading lower as the company reported worse-than-expected Q3 sales results and issued Q4 and FY23 EPS and revenue guidance below estimates. This indicates a potential slowdown in the company's growth, which is negatively affecting investor sentiment and causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100