Forrester Research (FORR) Tops Q3 EPS by 3c
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Forrester Research Reports 2016 Third-Quarter Financial Results; Increases Share Repurchase Authorization By $25 Million
October 26, 2016 4:16 PM EDTCAMBRIDGE, Mass.--(BUSINESS WIRE)-- Forrester Research, Inc. (Nasdaq: FORR) today announced its 2016 third-quarter financial results. The company also announced that its board of directors authorized a $25 million increase in the companys stock repurchase program, bringing the total available repurchase authorization to approximately $62 million.
Third-Quarter Financial Performance
Total revenues were $77.4 million for the third quarter of 2016, compared with $74.8 million for the third quarter of 2015. Research revenues increased 1%, and advisory services and events revenues increased 10%, compared with the third quarter of 2015.
On a GAAP basis, net income was $3.1 million, or... More
