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
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT