Gartner Lifts FY23 Earnings, Revenue View Above Market - Update

(RTTNews) - Gartner, Inc. (IT), while announcing higher third-quarter results, on Friday lifted its fiscal 2023 forecast again above market estimates.

For the year, the company now expects adjusted earnings per share to be at least $10.90, higher than previously expected at least $10.

The company now expects 2023 total revenue of at least $5.89 billion, while earlier the company projected at least $5.85 billion.

Analysts on average expect the company to earn $10.32 per share on revenues of $5.88 billion, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

In its third quarter, Gartner's earnings came in at $180.0 million or $2.26 per share, compared with $173.5 million, or $2.17 per share, in last year's third quarter.

Adjusted earnings were $203 million or $2.56 per share for the period. Analysts had expected the company to earn $1.96 per share.

The company's revenue for the quarter rose 6.0% to $1.41 billion from $1.33 billion last year.

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