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Forrester Research: 4Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Wednesday reported fourth-quarter earnings of $5.4 million.

On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 29 cents. Earnings, adjusted for non-recurring costs, came to 52 cents per share.

The technology research company posted revenue of $98.6 million in the period.

For the year, the company reported profit of $15.4 million, or 84 cents per share. Revenue was reported as $357.6 million.

For the current quarter ending in April, Forrester Research said it expects revenue in the range of $95 million to $100 million.

The company expects full-year results to range from a loss of $1.67 per share to a loss of $1.55 per share, with revenue ranging from $457 million to $469 million.

Forrester Research shares have climbed nearly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.82, a rise of 16 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 FORR at https://www.zacks.com/ap/FORR