Gartner Shares Plunge Despite Strong Earnings Performance

Gartner, the prominent IT research and advisory firm, finds itself in a perplexing market position this week. The company’s stock has tumbled to fresh 52-week lows, defying expectations after it reported quarterly earnings that surpassed analyst forecasts and subsequently raised its full-year guidance. This dramatic sell-off appears driven by investor alarm over a staggering 90% collapse in the company’s reported net profit, overshadowing positive adjusted figures.

The third-quarter earnings report presented a stark contrast between two different measures of profitability. While Gartner’s operational performance seemed robust on an adjusted basis, its GAAP results told a concerning story.

• The company posted an adjusted earnings per share Read more...