BUZZ-CoStar to acquire Vexcel for approximately 730 million dollars, stock price drops

October 27 - ** Real estate data platform CoStar (CSGP.O) saw its share price fall 12% in after-hours trading to $28.30 after announcing the $730 million acquisition of Vexcel Group

** Vexcel is an operator of survey-grade aerial imagery projects

** According to data compiled by London Stock Exchange Group (LSEG), CoStar reported adjusted earnings per share for the third quarter of $0.38, above the market expectation of $0.34

** Third quarter revenue was $952 million, higher than the expected $946.2 million

** Adjusted earnings per share for fiscal year 2026 are expected to be between $1.38 and $1.41

** The median target price given by 22 brokerages covering the stock is $35—LSEG compiled data

** As of Monday's close, CSGP is down about 50% year-to-date

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