Why Gartner Is Popping Today
Now this is an earnings beat.
Tuesday morning, top IT business analysis company Gartner (NYSE: IT) reported its second-quarter results, which obliterated analyst estimates for profitability. Consequently, the company's stock shot higher and stayed there; in late afternoon trading it was up by over 10%.
For the period, Gartner earned $1.2 billion. That was a 20% improvement over the same quarter last year. Net income saw a much sharper rise, advancing 85% to $271 million. On a non-GAAP (adjusted) basis the company earned $2.24 per share.
Source Fool.com
