Stock rises 17% as company exceeds expectations

  • Gartner shares jump 17% on higher 3Q sales
  • Stock rose to $394.73
  • Revenue for 3Q up almost 6% from last year
  • Adjusted profit topped analysts’ expectations
  • Gartner raises full-year outlook for revenue and adjusted profit

Shares of Gartner rose 17% in morning trading after the research company reported higher third-quarter revenue and raised its full-year outlook. The stock rose to $394.73, and shares are up 17% this year. Gartner posted revenue of $1.41 billion for the third quarter, up almost 6% from last year, surpassing analysts’ expectations. Adjusted profit also exceeded analysts’ expectations. The company cited growth across the company as the reason for raising its full-year outlook for revenue and adjusted profit.

Factuality Level: 8
Factuality Justification: The article provides specific information about Gartner’s third-quarter revenue, stock performance, and outlook, which can be verified. It also mentions that the revenue and profit exceeded analysts’ expectations, indicating a positive performance. However, the article lacks additional context or analysis, making it somewhat limited in terms of providing a comprehensive understanding of Gartner’s overall financial situation.
Noise Level: 3
Noise Justification: The article provides relevant information about Gartner’s higher third-quarter revenue and raised outlook. It includes specific details such as the stock price increase and revenue figures. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Gartner
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the rise in shares of Gartner after the company reported higher third-quarter revenue and raised its full-year outlook. There is no mention of an extreme event in the article.
Public Companies: Gartner (Unknown)
Key People:

Reported publicly: www.marketwatch.com