Gartner Slashes FY18 Outlook Amid Divestitures - Quick Facts

(RTTNews) - Gartner, Inc. (IT) on Tuesday lowered its fiscal 2018 guidance for adjusted earnings to a range of $3.61 to $3.77 per share from the prior guidance range of $3.71 to $4.11 per share.

The company also now projects full year revenues in the range of $3.859 billion to $3.904 billion, down from the previous forecast between $4.105 billion and $4.210 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.75 per share on revenues of $4.00 billion for the year. Analysts' estimates typically exclude special items.

The company also projects fourth-quarter adjusted earnings in a range of $1.18 to $1.34 per share on revenues between $1.070 billion and $1.115 billion. Street is looking for earnings of $0.62 per share on revenues of $920.17 million for the quarter.