Why Gartner Stock Dropped Today

Shares of Gartner (NYSE: IT) are plunging today, down 19.8% as of 1 p.m. EDT, after the research and advisory services company announced solid second-quarter 2019 results but lowered its full-year guidance.

Q2 revenue climbed 7% year over year (or 9% excluding acquired businesses) to $1.071 billion -- roughly in line with expectations -- translating into a 41% increase in adjusted earnings per share to $1.45. Most investors were looking for significantly lower adjusted earnings of $1.18 per share.

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