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ISG: 2Q Earnings Snapshot

August 5, 2019

STAMFORD, Conn. (AP) _ Information Services Group Inc. (III) on Monday reported second-quarter earnings of $414,000.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The market advisory service company posted revenue of $67.3 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $69.4 million.

ISG expects full-year revenue in the range of $276 million to $285 million.

The company’s shares closed at $2.59. A year ago, they were trading at $4.04.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on III at https://www.zacks.com/ap/III

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