Forrester Research, Inc. (FORR) Tops Q2 EPS by 5c; Boosts Buyback Plan by $25M
Forrester Research, Inc. (NASDAQ: FORR) reported Q2 EPS of $0.31, $0.05 better than the analyst estimate of $0.26. Revenue for the quarter came in at $78.2 million versus the consensus estimate of $77.95 million.
The company also announced that its board of directors authorized a $25 million increase in the company’s stock repurchase program, bringing the total available repurchase authorization to approximately $80 million.
“Forrester met its revenue guidance and exceeded operating margin and earnings per share for the second quarter,” said George F. Colony, Forrester’s chairman and chief executive officer. “However, our recovery remains a work in progress and will not be without periodic setbacks. We continue to inject greater accountability, more discipline, and seasoned leadership into our organization. This maturation process will continue through the rest of this year.”
The company sees FY 2013 EPS of $0.79-$0.86, versus the consensus of $0.85
For earnings history and earnings-related data on Forrester Research, Inc. (FORR) click here.
The company also announced that its board of directors authorized a $25 million increase in the company’s stock repurchase program, bringing the total available repurchase authorization to approximately $80 million.
“Forrester met its revenue guidance and exceeded operating margin and earnings per share for the second quarter,” said George F. Colony, Forrester’s chairman and chief executive officer. “However, our recovery remains a work in progress and will not be without periodic setbacks. We continue to inject greater accountability, more discipline, and seasoned leadership into our organization. This maturation process will continue through the rest of this year.”
The company sees FY 2013 EPS of $0.79-$0.86, versus the consensus of $0.85
For earnings history and earnings-related data on Forrester Research, Inc. (FORR) click here.