Gartner Shares Fall 13% Despite Third-Quarter Earnings Beat
Shares of Gartner (IT) declined by more than 13% on Tuesday, closing at $204.22 after a loss of $31.04 per share. The sell-off occurred despite the enterprise research and advisory firm reporting third-quarter earnings that exceeded analyst expectations. In addition to the earnings beat, Gartner raised its full-year financial outlook. However, the market reaction suggests investor concerns or profit-taking following the announcement, as the stock price dropped significantly during Tuesday's trading session.
Tickers: $IT