Information Services Group (III) Misses Q1 EPS by 1c; Boosts Outlook

Information Services Group (NASDAQ: III) reported Q1 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $49.9 million versus the consensus estimate of $52.4 million.

Raising 2016 Full-Year Revenue and Reaffirming Adjusted EBITDA Guidance

"For 2016, we are raising our forecasted growth in revenues to a range of 7 percent to 9 percent, and we are reaffirming our forecasted growth in adjusted EBITDA of between 10 percent and 15 percent, excluding the impact of currency," CEO Michael Connors said. "This is based on the continued growth we are experiencing in Europe and Asia Pacific, our strengthening pipeline in the Americas and the revenue contribution we expect from TracePoint."

For earnings history and earnings-related data on Information Services Group (III) click here.

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