ISG: 1Q Earnings Snapshot

ISG: 1Q Earnings Snapshot

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STAMFORD, Conn. (AP) _ Information Services Group Inc. (III) on Thursday reported a first-quarter loss of $898,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Stamford, Connecticut-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The market advisory service company posted revenue of $64.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $66.4 million.

In the final minutes of trading on Thursday, the company's shares hit $3.56. A year ago, they were trading at $4.24.

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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 III at https://www.zacks.com/ap/III

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