Gartner Inc. Profit Falls 9% In Q1

(RTTNews) - Gartner Inc. (IT) revealed earnings for first quarter that dropped from last year.

The company said its profit dropped to $50.64 million, or $0.60 per share. This was lower than $55.73 million, or $0.67 per share, in last year's first quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.2% to $625.17 million. This was up from $557.27 million last year.

Gartner Inc. earnings at a glance:

-Earnings (Q1): $50.64 Mln. vs. $55.73 Mln. last year. -Earnings Decline (Y-o-Y): -9.1% -EPS (Q1): $0.60 vs. $0.67 last year. -EPS Decline (Y-o-Y): -10.4% -Analysts Estimate: $0.60 -Revenue (Q1): $625.17 Mln vs. $557.27 Mln last year. -Revenue Change (Y-o-Y): 12.2%