TechTarget: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 06:25 PM ET
Last Updated - Jun 21, 2023, 09:20 PM EDT
NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — TechTarget Inc. (TTGT) on Tuesday reported first-quarter profit of $1.6 million.
The Newton, Massachusetts-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The operator of websites for information technology vendors posted revenue of $57.1 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $57.5 million.
