CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Wednesday reported first-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
The Cambridge, Massachusetts-based company said it had net income of 21 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 45 cents per share.
The technology research company posted revenue of $113.8 million in the period.
For the current quarter ending in July, Forrester Research expects its per-share earnings to range from 52 cents to 58 cents.
The company said it expects revenue in the range of $120 million to $124 million for the fiscal second quarter.
Forrester Research expects full-year earnings in the range of $1.58 to $1.68 per share, with revenue ranging from $473 million to $483 million.
Forrester Research shares have risen almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.27, an increase of 24% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FORR at https://www.zacks.com/ap/FORR
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