Why Gartner Stock Jumped This Morning

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Shares of Gartner (NYSE: IT) are climbing this morning after the company reported its fourth-quarter results, which were ahead of analysts’ consensus earnings and revenue estimates.

The tech stock surged as much as 14% this morning and was up by 10.3% as of 11:31 a.m. EST. 

Gartner’s adjusted earnings per share of $1.59 smashed Wall Street’s expectation of $0.82 per share. The research and advisory company reported sales of $1.1 billion, which was down 8% year over year, but it was good enough to narrowly beat the Street’s estimate of $1.07 billion for the quarter.

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