ISG: 3Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Information Services Group Inc. (III) on Wednesday reported third-quarter net income of $1.7 million.
The Stamford, Connecticut-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The market advisory service company posted revenue of $68.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $71.1 million.
For the current quarter ending in December, ISG said it expects revenue in the range of $67 million to $69 million.
In the final minutes of trading on Wednesday, the company’s shares hit $2.19. A year ago, they were trading at $4.13.