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Why CoStar Group Stock Just Popped 12%

TheMotleyFool

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Shares of online real estate information and analytics company CoStar Group (NASDAQ: CSGP) are getting a big lift this morning after the company reported Q2 earnings Tuesday. As of 11:19 a.m. EDT today, the stock was up more than 12%.

Expected to earn $2 a share on sales of $390.2 million for the quarter, CoStar instead reported $2.34 in pro forma profit and sales of $397.2 million.

Image source: Getty Images.

Source Fool.com

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