Gartner Q3 Profit Up, But Misses Street; Backs FY13 View

(RTTNews) - Gartner, Inc. (IT), Thursday posted a higher third-quarter net income, with 10 percent increase in revenues. However, on a per share basis, earnings per share missed the Street estimates by a penny. The company reiterated its outlook for the full-year.

For the three-month period, the company reported net income of $38.1 million or $0.40 per share, compared with $31.3 million or $0.33 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings per share of $0.39 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues were $410.7 million, compared with $374.4 million a year ago. Analysts expected the company to generate revenue of $417.06 million for the quarter.

The company said it still expects revenues for the full-year 2013 to be in the range of $1.760 billion - $1.805 billion, and earnings per share in the range of $1.90-$2.04. Analysts expect the company to report revenues of $1.79 billion and earnings of $1.97 per share.