Gartner: 2Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Gartner Inc. (IT) on Wednesday reported second-quarter net income of $46.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, were $1.03 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The technology information and analysis company posted revenue of $1 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $986 million.
Gartner expects full-year earnings in the range of $3.51 to $3.91 per share, with revenue in the range of $3.9 billion to $4 billion.
Gartner shares have increased 10 percent since the beginning of the year. The stock has increased 5.5 percent in the last 12 months.