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COSTAR CORPORATION ANNOUNCES RESULTS FOR THE THIRD QUARTER 1992

 COSTAR CORPORATION ANNOUNCES RESULTS FOR THE THIRD QUARTER 1992
 CAMBRIDGE, Mass., Oct. 27 /PRNewswire/ -- Costar Corporation (NASDAQ-NMS: CSTR), today announced its results for the third quarter and first nine months of 1992.
 Net sales for the third quarter of 1992 increased by $3,743,000 or 23.9 percent to $19,417,000 from $15,674,000 for the third quarter of 1991. The increase was primarily due to an increase in unit volume sold (approximately 17.5 percent increase) in all of the major laboratory product lines and from stronger foreign currencies (approximately 6.4 percent increase). Net earnings for the third quarter of 1992 increased by $363,000 or 25.2 percent to $1,803,000 or 25 cents per share from $1,440,000 or 20 cents per share for the third quarter of 1991.
 Net sales for the first nine months of 1992 increased by $10,459,000 or 22.4 percent to $57,094,000 from $46,635,000 for the first nine months of 1991. The increase was primarily due to an increase in unit volume sold (approximately 19.8 percent increase) and stronger foreign currencies (approximately 2.6 percent increase). Net earnings for the first nine months of 1992 increased by $1,116,000 or 29.7 percent to $4,876,000 or 68 cents per share from $3,760,000 or 53 cents per share for the first nine months of 1991.
 As previously reported, the company holds notes receivable of approximately $3,300,000 due on Oct. 31, 1992. Although the company expects that it will ultimately receive the total amount due under these notes, it is not certain of the timing of the required payments and has therefore continued to classify the amounts due as long term assets on its consolidated balance sheet.
 COSTAR CORPORATION AND SUBSIDIARIES
 Consolidated Statement of Earnings
 (unaudited)
 Three Months Ended Nine Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Net sales $19,417,000 $15,674,000 $57,094,000 $46,635,000
 Operating income 3,042,000 2,371,000 7,964,000 6,663,000
 Other expense-net (210,000) (234,000) (420,000) (959,000)
 Equity in earnings
 of affiliates --- 23,000 15,000 81,000
 Earnings before
 taxes 2,832,000 2,160,000 7,559,000 5,785,000
 Income taxes 1,029,000 720,000 2,683,000 2,025,000
 Net earnings 1,803,000 1,440,000 4,876,000a 3,760,000b
 Earnings per common
 and common
 equivalent share:
 Net earnings 25 cents 20 cents 68 cents 53 cents
 Common and common
 equivalent shares
 outstanding: 7,204,148 7,192,523 7,214,239 7,145,581
 NOTE: (a) Includes a net gain of $82,000 for sale of the company's shares of Southern Biotechnology Associates, Inc., favorable settlement of patent infringement claim and expenses of secondary public offering.
 (b) Includes a net charge of $243,000 for settlement of litigation and sale of the company's shares of Data Packaging, Ltd.
 -0- 10/27/92
 /CONTACT: Francis H. Murphy, Costar vice president-finance, 617-868-6200/
 (CSTR) CO: Costar Corporation ST: Massachusetts IN: SU: ERN


CH -- NE011 -- 5335 10/27/92 11:18 EST
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Date:Oct 27, 1992
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