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Forrester Research: 2Q Earnings Snapshot

July 31, 2019

CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Wednesday reported second-quarter profit of $1.6 million.

The Cambridge, Massachusetts-based company said it had profit of 8 cents per share. Earnings, adjusted for non-recurring costs, were 65 cents per share.

The technology research company posted revenue of $128.2 million in the period.

For the current quarter ending in October, Forrester Research expects its per-share earnings to range from 27 cents to 31 cents.

The company said it expects revenue in the range of $105 million to $109 million for the fiscal third quarter.

Forrester Research expects full-year earnings in the range of $1.52 to $1.62 per share, with revenue ranging from $456.5 million to $466.5 million.

Forrester Research shares have risen roughly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.33, an increase of slightly more than 2% in the last 12 months.


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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