TechTarget (TTGT) Misses Q3 EPS by 4c

TechTarget (NASDAQ: TTGT) reported Q3 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $29 million versus the consensus estimate of $29.46 million.

Organic traffic grew over 50% in the quarter over the prior year period, setting another traffic record. Organic traffic represented 95% of overall traffic. We believe this stellar performance speaks to the high quality of our targeted content model and less relevant content being produced by competitors as they have reduced their investment levels in response to the challenging environment. We are consciously increasing our investment in content as we want to take advantage of this environment to increase market share.

For earnings history and earnings-related data on TechTarget (TTGT) click here.

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