NYSE:ITIT
Gartner (IT) Stock Reprices Higher On Raised Profit And Cash Flow Outlook
Gartner stock surged, jumping 22.6% in a single session, as investors rushed to reprice what appears to be a strong earnings reset rather than a one quarter blip. The move comes after adjusted earnings per share of US$4.37 and free cash flow of US$378 million, figures that highlight the quality of this research and advisory business.
The primary catalyst was guidance. Management lifted full-year targets for earnings, cash generation and earnings before interest, tax, depreciation and...