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TechTarget: 1Q Earnings Snapshot

NEWTON, Mass. (AP) _ TechTarget Inc. (TTGT) on Wednesday reported first-quarter net income of $2.2 million.

The Newton, Massachusetts-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The operator of websites for information technology vendors posted revenue of $31.4 million in the period.

For the current quarter ending in July, TechTarget said it expects revenue in the range of $33 million to $35 million.

TechTarget shares have dropped almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.55, an increase of 39% 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 TTGT at https://www.zacks.com/ap/TTGT