ISG: 2Q Earnings Snapshot
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.