Gartner beats 4Q profit forecasts

STAMFORD, Conn. (AP) _ Gartner Inc. (IT) on Thursday reported fourth-quarter profit of $66.5 million.

The Stamford, Connecticut-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The technology information and analysis company posted revenue of $703.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $711.2 million.

For the year, the company reported profit of $193.6 million, or $2.31 per share. Revenue was reported as $2.44 billion.

Gartner expects full-year earnings in the range of $3.15 to $3.35 per share, with revenue in the range of $2.68 billion to $2.75 billion.

Gartner shares have declined 2 percent since the beginning of the year. The stock has increased 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IT at https://www.zacks.com/ap/IT

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Keywords: Gartner, Earnings Report