Why Gartner Gained About 11% This Week
Shares of information technology market research and consulting company Gartner (NYSE: IT) are on pace to end this week around 11% higher than last Friday's closing price, with nearly all of that gain taking shape in response to the second-quarter results it released Tuesday morning.
During the quarter, Gartner converted $1.2 billion in revenue into net income of $271 million, for an adjusted operating profit of $2.24. Its top line was up 20% year over year, and per-share earnings jumped nearly 87% versus the COVID-crimped Q2 2020. Perhaps more important though, Gartner crushed analysts' estimates for earnings of $1.73 on sales of $1.12 billion.
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Source Fool.com
