Gartner: 4Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Gartner Inc. (IT) on Tuesday reported fourth-quarter profit of $84 million.
The Stamford, Connecticut-based company said it had net income of 92 cents per share. Earnings, adjusted for one-time gains and costs, were $1.20 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The technology information and analysis company posted revenue of $1.09 billion in the period, matching Street forecasts.
For the year, the company reported profit of $122 million, or $1.33 per share. Revenue was reported as $3.98 billion.
Gartner expects full-year earnings in the range of $3.82 to $4.19 per share, with revenue in the range of $4.22 billion to $4.32 billion.
Gartner shares have increased 12 percent since the beginning of the year. The stock has climbed 6 percent in the last 12 months.