Forrester Research Reports Strong Q4 Earnings, Exceeding Expectations
CAMBRIDGE, Mass. (AP) - Forrester Research Inc. (FORR) announced its fourth-quarter financial results on Tuesday, showing a net income of $432,000.
Financial Highlights:
* Adjusted earnings per share: $0.36
* Revenue: $108 million
* Annual loss: $5.7 million, or $0.30 per share
* Annual revenue: $432.5 million
Analyst Expectations Surpassed:
The company's performance exceeded Wall Street's expectations. The average analyst estimate, as surveyed by Zacks Investment Research, was $0.34 per share in earnings. Revenue projections were also surpassed, with analysts predicting $106.3 million.
Outlook:
Forrester Research anticipates full-year earnings in the range of $1.20 to $1.35 per share, while revenue is expected to fall between $400 million and $415 million.