WASHINGTON (AP) _ CoStar Group Inc. (CSGP) on Tuesday reported first-quarter net income of $74.2 million.

On a per-share basis, the Washington-based company said it had profit of $1.88. Earnings, adjusted for one-time gains and costs, came to $2.75 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.

The commercial real estate information and marketing provider posted revenue of $457.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $453.7 million.

For the current quarter ending in July, CoStar expects its per-share earnings to range from $2.22 to $2.32.

The company said it expects revenue in the range of $465 million to $470 million for the fiscal second quarter.

CoStar expects full-year earnings in the range of $11.20 to $11.40 per share, with revenue ranging from $1.93 billion to $1.95 billion.

CoStar shares have risen slightly more than 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $936.80, a climb of 52% 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

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