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Forrester Research: 3Q Earnings Snapshot

·1 min read

CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Thursday reported a loss of $3.8 million in its third quarter.

The Cambridge, Massachusetts-based company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 24 cents per share.

The technology research company posted revenue of $108.6 million in the period.

For the current quarter ending in December, Forrester Research expects its per-share earnings to range from 27 cents to 34 cents.

The company said it expects revenue in the range of $108 million to $116 million for the fiscal fourth quarter.

Forrester Research expects full-year earnings in the range of $1.53 to $1.60 per share, with revenue ranging from $436.6 million to $444.6 million.

Forrester Research shares have dropped 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.88, a climb of slightly more than 9% 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 FORR at https://www.zacks.com/ap/FORR