Gartner Inc (IT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.68. The company posted revenue of $610.00 million in the period, compared to analysts expectations of $598.41 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Gartner Inc. Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 94 from a previous price target of $89 .
Gartner Inc closed down -1 points or -1.00% at $99.04 with 2,18,826 shares getting traded on Tusday. Post opening the session at $99.85, the shares hit an intraday low of $98.46 and an intraday high of $100.04 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 14, 2016, Alwyn Dawkins (SVP, Events) sold 2,000 shares at $100.66 per share price. According to the SEC, on Jun 13, 2016, Karen E Dykstra (director) sold 3,484 shares at $101.25 per share price. On Jun 8, 2016, Eugene A Hall (CEO) sold 48,413 shares at $102.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.