CoStar Group Inc. CEO Discusses Q3 2010 Earnings - Call Transcript

CoStar Group Inc. (CSGP)

Q3 2010 Earnings Call

October 21, 2010 11:00 am ET

Executives

Tim Trainor - Communications Director

Andrew Florance - President & CEO

Brian Radecki - CFO

Analysts

Jon Maietta - Needham & Company

Tim Connor - William Blair & Company

James Wilson - JPMorgan Securities

Chris Ramon - Deutsche Bank

Bill Warmington - Raymond James

Toni Kathryn - Morgan Stanley

Presentation

Operator

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Previous Statements by CSGP
» CoStar Group, Inc. Q2 2010 Earnings Call Transcript
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» CoStar Group Inc. Q3 2009 Earnings Call Transcript
» CoStar Group, Inc. Q1 2009 Earnings Call Transcript

Ladies and gentlemen thank you for standing by and welcome to the CoStar Group’s third quarter 2010 conference call. At this time all lines are in a listen-only mode. Later we will conduct a question-and-answer session and instruction will be given at that time. (Operators Instructions). As a reminder, today’s conference is being recorded.

Speaking on today's call, CoStar Group Founder and Chief Executive Officer, Andrew Florance; Chief Financial Officer, Brian Radecki; and Communications Director, Tim Trainor. At this time, I will turn the call conference over to Mr. Trainor. Please go ahead.

Tim Trainor

Thank you and good morning everyone. Welcome to CoStar Group's third quarter 2010 conference call. Before I turn the call over to our CEO, Andrew Florance, let me state that certain portions of this discussion contain forward-looking statements which involve many risks and uncertainties that can cause actual results to differ materially from such statements.

Important factors that can cause actual results to differ include but are not limited to, those stated in our press release on CoStar's third quarter 2010 results and in CoStar's filings with the SEC, including its Form 10-K for the year ended December 31, 2009, and its Form 10-Q for the period ended June 30, 2010, under the heading risk factors. All forward-looking statements are based on information available to CoStar on the date of this call, and CoStar assumes no obligation to update these statements.