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CoStar Is All In on Home Listings. Earnings Told the Story.

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.