Gartner (IT) Misses Q1 EPS by 2c; Approves $1.2B Buyback

Gartner (NYSE: IT) reported Q1 EPS of $0.37, $0.02 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $471.2 million versus the consensus estimate of $472.23 million.

On May 5, 2015, the Company’s Board of Directors authorized $1.2 billion to repurchase the Company's common shares. This authorization succeeds the Company’s prior $800.0 million share repurchase plan, which was fully utilized.

Gartner sees FY2015 revenue of $2.15-2.205 billion, versus the consensus of $2.18 billion.

For earnings history and earnings-related data on Gartner (IT) click here.

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