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

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT