CAMBRIDGE, Mass. (AP) _ Forrester Research Inc. (FORR) on Thursday reported fourth-quarter earnings of $ 2.4 million.
On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 35 cents per share.
The technology research company posted revenue of $ 120.5 million in the period.
For the year, the company reported net income of $ 10 million, or 53 cents per share, swinging to a profit in the period. Revenue was reported as $ 449 million.
For the current quarter ending in April, Forrester Research expects its per-share earnings to range from 15 cents to 21 cents.
The company said it expects revenue in the range of $ 104 million to $ 108 million for the fiscal first quarter.
Forrester Research expects full-year earnings in the range of $ 1.50 to $ 1.60 per share, with revenue ranging from $ 466 million to $ 476 million.
Forrester Research shares have climbed 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $ 44.50, a climb of almost 1% in the last 12 months.