Forrester Research, Inc. (FORR) Misses Q2 EPS by 2c

Forrester Research, Inc. (NASDAQ: FORR) reported Q2 EPS of $0.31, $0.02 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $82.8 million versus the consensus estimate of $87.1 million.

Forrester Research, Inc. sees Q3 2015 EPS of $0.08-$0.12. Forrester Research, Inc. sees Q3 2015 revenue of $72-75 million.

“Our strategic shift to capitalize on the age of the customer opportunity is resonating with our clients. Sixty percent of our products are experiencing double-digit growth, and client and dollar retention remains strong,” said George F. Colony, Forrester’s chairman and chief executive officer. “Our adjusted guidance reflects those products that are not yet performing as expected, as well as the adverse impact of foreign exchange on our international operations. We remain committed to our strategy and are looking to accelerate the pace of the transition in the second half of the year.”

For earnings history and earnings-related data on Forrester Research, Inc. (FORR) click here.

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