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ISG beats 3Q profit forecasts

STAMFORD, Conn. (AP) _ Information Services Group Inc. (III) on Wednesday reported third-quarter earnings of $1.4 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 3 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The market advisory service company posted revenue of $68.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $68.8 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.88. A year ago, they were trading at $3.61.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on III at https://www.zacks.com/ap/III