WASHINGTON (AP) _ CoStar Group Inc. (CSGP) on Tuesday reported fourth-quarter net income of $87.9 million.

On a per-share basis, the Washington-based company said it had profit of $2.39. Earnings, adjusted for one-time gains and costs, were $2.82 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.

The commercial real estate information and marketing provider posted revenue of $374.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $363.5 million.

For the year, the company reported profit of $315 million, or $8.60 per share. Revenue was reported as $1.4 billion.

For the current quarter ending in April, CoStar expects its per-share earnings to range from $2.25 to $2.35.

The company said it expects revenue in the range of $387 million to $392 million for the fiscal first quarter.

CoStar expects full-year earnings in the range of $10.20 to $10.40 per share, with revenue ranging from $1.65 billion to $1.67 billion.

CoStar shares have risen 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $698.25, an increase of 70% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSGP at https://www.zacks.com/ap/CSGP

Automated Insights, source Associated Press News