Forrester Research: 4Q Earnings Snapshot

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.

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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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