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Gartner: 2Q Earnings Snapshot

July 30, 2019

STAMFORD, Conn. (AP) _ Gartner Inc. (IT) on Tuesday reported second-quarter earnings of $103.4 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.13. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The technology information and analysis company posted revenue of $1.07 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.

Gartner expects full-year earnings in the range of $3.39 to $3.64 per share, with revenue in the range of $4.22 billion to $4.26 billion.

Gartner shares have climbed 34% since the beginning of the year. The stock has climbed 25% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IT at https://www.zacks.com/ap/IT

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