logo
Share SHARE
FONT-SIZE Plus   Neg

Forrester Research Q1 Profit Rises

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After falling sharply in early trading, stocks showed a substantial turnaround over the course of the trading session on Tuesday. The major averages bounced well off their lows for the session and into positive territory. Coca-Cola announced that it is removing its trademark logo from cans in the Middle East as part of the soda giant's marketing campaign to fight prejudice. The company has replaced its famous trademark logo with "Labels are for cans not people," message. The company has made the change during the... Carnival said it has obtained U.S. approval to begin cruises to Cuba. The announcement by the cruise operator follows the recent restoration of diplomatic relations between the U.S. and Cuba.
comments powered by Disqus
Follow RTT