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Why Gartner's Shares Popped 20.9% Today

TheMotleyFool 
0 0 04.05.21
Why Gartner's Shares Popped 20.9% Today
 

Shares of Gartner (NYSE: IT) jumped as much as 20.9% in trading on Tuesday after the company reported first-quarter 2021 financial results. Shares gave up some of those gains throughout the day but were up 13% at 1:40 p.m. EDT. 

Revenue rose 8.4% versus a year ago to $1.1 billion and was slightly ahead of expectations. Net income more than doubled from $75 million to $164.1 million, or $1.84 per share. On an adjusted basis, earnings were $2 per share, beating estimates of $1.05 per share by a wide margin.

Image source: Getty Images.

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Source Fool.com

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