STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Information Services Group Inc. (III) on Thursday reported first-quarter net income of $2.7 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of 5 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The market advisory service company posted revenue of $61.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $60.9 million.
For the current quarter ending in June, ISG said it expects revenue in the range of $62.5 million to $63.5 million.
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