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Forrester Research: 1Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Tuesday reported a loss of $13.3 million in its first quarter.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 73 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.

The technology research company posted revenue of $100.6 million in the period.

For the current quarter ending in July, Forrester Research expects its per-share earnings to range from 57 cents to 61 cents.

The company said it expects revenue in the range of $124.5 million to $128.5 million for the fiscal second quarter.

Forrester Research expects full-year earnings in the range of $1.55 to $1.67 per share, with revenue ranging from $464 million to $476 million.

Forrester Research shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $50.86, a climb of 28% 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