CoStar Group Stock Sinks 6% After Hours as EPS Falls Year Over Year

CSGP sank 5.9% to $70.42 shortly before 4:30 p.m. ET despite recording $0.15 in adjusted EPS, reportedly beating the $0.09 that analysts' consensus estimate had called for.

CoStar also said Q2 sales came in at $677.8 million, exceeding the $677.6 million that analysts' consensus had called for.

However, CSGP's adjusted EPS fell more than 50% when compared to the $0.31 that the company reported a year ago. Still, quarterly sales grew 11.9% from the $605.9 million the firm saw in the same period last year.

CoStar owns several popular real-estate platforms, including Homes.com, Land.com, LoopNet and others.