Why Gartner Stock Popped on Tuesday

Shares of technology market research and consulting outfit Gartner (NYSE: IT) are higher by more than 4% as of mid-session today, though at one point were up as much as 12.3%. The surge stems from an impressive third-quarter earnings report and equally impressive guidance.

For the three-month stretch ending in September, Gartner turned $1.16 billion in revenue into a per-share operating profit of $2.06. Sales improved a little more than 16% year over year, and earnings more than doubled compared with the COVID-crimped comparable quarter from a year earlier. Analysts were only calling for income of $1.56 per share, and a top line of $1.14 billion.

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Source Fool.com