CoStar Is All In on Home Listings. Earnings Told the Story.
The real estate information and technology company earned 10 cents a share on a non-GAAP basis on $656.4 million in revenue in its first quarter, CoStar said Tuesday. Its residential business, which includes Homes.com as well as listing websites in Europe, reported revenue of $18.6 million. “We’ve had a lot of good news to share with this quarter, but I think the most important is […] the early indications that the Homes.com investments working,” CEO Andy Florance said on an earnings call.