CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Thursday reported fourth-quarter earnings of $4.9 million.
The Cambridge, Massachusetts-based company said it had profit of 26 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 57 cents per share.
The technology research company posted revenue of $124.3 million in the period.
For the year, the company reported a loss of $9.6 million, or 52 cents per share, swinging to a loss in the period. Revenue was reported as $461.7 million.
For the current quarter ending in April, Forrester Research expects its per-share earnings to range from 12 cents to 18 cents.
The company said it expects revenue in the range of $107.8 million to $111.8 million for the fiscal first quarter.
Forrester Research expects full-year earnings in the range of $1.82 to $1.94 per share, with revenue ranging from $494.6 million to $506.6 million.
Forrester Research shares have increased 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $46, a drop of nearly 2% in the last 12 months.