Why Is CoStar (CSGP) Down 5.2% Since Last Earnings Report?

It has been about a month since the last earnings report for CoStar Group (CSGP) . Shares have lost about 5.2% in that time frame, underperforming the S&P 500. CoStar revenues (38.1% of revenues) of $250.3 million missed the consensus estimate by 0.30$1 billion in sales. Net new bookings in the first quarter amounted to $86 million. Information ...