Why Consulting Firm Gartner's Shares Are Surging Today
Portfolio Pulse from Shivani Kumaresan
Gartner Inc (NYSE:IT) shares surged after reporting better-than-expected Q2 FY24 results, including a 6.1% sales growth, increased operating income, and higher adjusted EPS. The company also raised its share repurchase authorization and FY24 adjusted EPS outlook.
July 30, 2024 | 4:40 pm
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Gartner Inc (NYSE:IT) reported strong Q2 FY24 results, with sales growth of 6.1%, increased operating income, and higher adjusted EPS. The company also raised its share repurchase authorization and FY24 adjusted EPS outlook.
The strong Q2 results, including sales growth, increased operating income, and higher adjusted EPS, positively impacted Gartner's stock price. The raised share repurchase authorization and improved FY24 EPS outlook further boosted investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100