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TechTarget: 3Q Earnings Snapshot

November 8, 2018

NEWTON, Mass. (AP) _ TechTarget Inc. (TTGT) on Wednesday reported third-quarter earnings of $3.8 million.

The Newton, Massachusetts-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The operator of websites for information technology vendors posted revenue of $30.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $30.9 million.

For the current quarter ending in December, TechTarget said it expects revenue in the range of $31 million to $32 million.

The company expects full-year revenue in the range of $120.5 million to $121.5 million.

TechTarget shares have increased 47 percent since the beginning of the year. The stock has increased 63 percent 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 TTGT at https://www.zacks.com/ap/TTGT

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