Why Research & Consulting Giant Gartner Shares Are Diving Tuesday
Portfolio Pulse from Nabaparna Bhattacharya
Gartner, Inc. (NYSE:IT) shares dropped after reporting Q4 fiscal year 2023 results with a 5% revenue growth to $1.586 billion, slightly below consensus. Adjusted EPS was $3.04, beating estimates. However, FY24 guidance for adjusted EPS and revenue fell short of expectations, leading to a 7.83% premarket drop in share price.
February 06, 2024 | 1:34 pm
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Gartner, Inc. (NYSE:IT) shares fell after Q4 earnings report showed revenue growth but FY24 guidance below expectations.
Gartner's share price decline is directly related to its FY24 guidance falling below analyst expectations, despite a solid Q4 performance. The market's negative reaction reflects concerns over future growth prospects, impacting investor sentiment.
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