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Forrester Research posts 1Q profit

CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Wednesday reported first-quarter earnings of $3 million.

The Cambridge, Massachusetts-based company said it had net income of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 17 cents per share.

The technology research company posted revenue of $77.2 million in the period.

For the current quarter ending in July, Forrester Research expects its per-share earnings to range from 30 cents to 34 cents.

The company said it expects revenue in the range of $86 million to $89 million for the fiscal second quarter.

Forrester Research expects full-year earnings in the range of $1.13 to $1.20 per share, with revenue ranging from $324 million to $332 million.

Forrester Research shares have dropped 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.15, a climb of 20 percent 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

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Keywords: Forrester Research, Earnings Report