Gartner Q4 Profit Declines, Guides 2015 Below View - Quick Facts

(RTTNews) - Market research firm Gartner, Inc. (IT) reported that fourth-quarter net income declined 4 percent to $59.14 million from $61.42 million in the prior-year quarter, while earnings per share grew 2 percent to $0.66 from last year's $0.65.

Excluding items, adjusted net income for the quarter was $0.72 per share, compared to $0.66 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson-Reuters expected the company to report earnings of $0.80 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter increased 12 percent to $583.98 million from $520.71 million in the same quarter last year. Analysts projected revenues of $584.02 million for the quarter. Excluding the foreign exchange impact, revenues grew 15 percent.

Looking ahead to fiscal 2015, the company expects adjusted earnings in a range of $2.27 to $2.46 per share, on projected revenues between $2.150 billion and $2.205 billion. Street is currently looking for full-year 2015 earnings of $2.79 per share on revenues of $2.25 million.