Forrester Research Inc. (FORR: Quote) reported first-quarter net income of $3.2 million or $0.14 per share, up from $2.9 million or $0.13 per share last year.
Excluding items, pro forma net income was $5.1 million or $0.22 per share, compared to $4.8 million or $0.21 per share a year ago.
On average, 4 analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter rose to $70.3 million from $65.7 million a year ago.
Analysts expected revenues of $70.27 million for the quarter.
Looking ahead, the company expects earnings of $0.94-$1.00 per share and revenues of $308.0 million-$316.0 million for the full year 2012.
Analysts currently expect earnings of $1.20 per share and revenues of $311.78 million for the full year 2012 .
The company noted that its board of directors has approved a quarterly dividend of $0.14 per share payable June 20 to shareholders of record on June 6.
Click here to receive FREE breaking news email alerts for Forrester Research Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org