TechTarget Posts Q4 Loss

(RTTNews) - Technology media company TechTarget, Inc. (TTGT) Wednesday reported fourth-quarter net loss of $1 thousand or breakeven per share, compared to net income of $1.0 million or $0.02 per share last year.

Adjusted net income for the quarter was $1.4 million or $0.04 per share, compared to $3.1 million or $0.08 per share last year.

Total revenues dropped to $23.7 million from $25.4 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.05 per share on revenues of $23.75 million for the quarter. Analysts' estimates typically exclude special items.