FX.co ★ Gartner, Inc. Q1 Profit Decreases, but beats estimates

Gartner, Inc. (IT) recently published its earnings for the first quarter, which showed a decrease from the previous year but surpassed Wall Street projections.

The company's earnings amounted to $210.5 million, equating to $2.67 per share. This is a decline from last year's $295.8 million, which was equivalent to $3.68 per share in the first quarter.

When disregarding certain elements, Gartner, Inc. disclosed their adjusted earnings of $232 million or $2.93 per share for the period. On average, market analysts had predicted the company would earn $2.53 per share, as compiled by Thomson Reuters. It should be noted that these analysts' estimates are typically published without the inclusion of special items.

For the quarter, the company's revenue showed an increase of 4.3%, rising to $1.47 billion from $1.41 billion in the previous year.

In terms of Generally Accepted Accounting Principles (GAAP), Gartner, Inc.'s earnings overview for the first quarter is as follows: Earnings amounted to $210.5 million, compared to $295.8 million the previous year. Earnings Per Share (EPS) came in at $2.67, compared to $3.68 the previous year. Revenue amounted to $1.47 billion, compared to $1.41 billion in the previous year.