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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.


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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