Forrester Research Inc. (FORR) 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.
by RTT Staff Writer
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