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.