Finance2 sources
Gartner Stock Drops Despite Positive Earnings and Raised Outlook
- Gartner (NYSE:IT) beat its own earnings forecasts and raised its full-year outlook.
- The stock fell nearly 20% on Tuesday morning, settling at about 13% losses by 3:30 p.m. ET.
- Investors were spooked despite the positive earnings report and raised guidance.
- Gartner provides research subscriptions, advice, and conferences to business and technology executives.
- The fourth-quarter forecast disappointed investors, contributing to the stock's decline.