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Gartner raises annual profit target and approves approximately $1.2 billion in share buybacks

Earnings Whispers · ·by G4L

IT
IT Gartner Inc
$191.02 +0.48%
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  1. 1Gartner management raised the adjusted EPS outlook from at least $13.25 to at least $14.
  2. 2Gartner management increased the approved share buyback amount to approximately $1.2 billion.
  3. 3Gartner management lowered the revenue guidance.

So what's the key point?

Gartner raised its profit outlook but lowered its revenue forecast. The company decided to buy back its own shares, which is expected to increase the stock value.

Source Earnings Whispers · View original ↗

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