🔴 CoStar Group is trading 6.34% down in pre-market after bookings came in at $37 million

CoStar Group is trading 6.34% lower at $29.98 in pre-market on October 28 following its October 27 earnings report, as investors focus on annualized net new bookings of $37 million, less than half the $84 million reported a year earlier.

• Quarterly revenue and adjusted EBITDA were strong, and CoStar raised its full-year adjusted EBITDA outlook.
• Slower sales-force growth was also cited; shares fell 5.01% during the October 27 session.