Gartner shares jumped 22.9% this week after the company reported second-quarter adjusted earnings of $4.37 per share on revenue of roughly $1.7 billion, beating analyst estimates by $0.64 and $50 million respectively. The company raised its full-year adjusted earnings guidance to $14 per share from $13.25 and increased its free cash flow target to $1.185 billion from $1.16 billion, while also expanding its share repurchase authorization by $500 million. The stock's surge outpaced the S&P 500's 3.6% gain and the Nasdaq Composite's 5.2% gain for the week.
Gartner IncEarnings beat and raised guidance, plus increased buyback authorization.
