Gartner, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Gartner, Inc. (IT) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $229.5 million, or $2.93 per share. This compares with $198 million, or $2.48 per share, in last year's second quarter.

Excluding items, Gartner, Inc. reported adjusted earnings of $252 million or $3.22 per share for the period.

Analysts on average had expected the company to earn $3.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $1.266 billion from $1.208 billion last year.

Gartner, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $229.5 Mln. vs. $198 Mln. last year. -EPS (Q2): $2.93 vs. $2.48 last year. -Revenue (Q2): $1.266 Bln vs. $1.208 Bln last year.