09:59 AM EDT, 08/05/2025 (MT Newswires) -- (Updates with recent share price movement in the headline and first paragraph.)

Gartner ( IT ) shares were down more than 31% in recent Tuesday trading after the company reported Q2 adjusted earnings and revenue that were better-than-expected but guided full-year results below analyst forecasts.

The advisory firm reported Q2 adjusted earnings of $3.53 per share, up from $3.22 a year earlier.

Analysts polled by FactSet expected $3.30 per share.

Revenue for the quarter ended June 30 was $1.69 billion, compared with $1.60 billion a year earlier.

Analysts surveyed by FactSet expected $1.67 billion.

For 2025, the company projects adjusted earnings of at least $11.75 per share, up from a prior guidance of at least $11.70. Analysts polled by FactSet expect $12.48 per share.

The company now expects 2025 revenue of at least $6.46 billion, down from a prior outlook of at least $6.54 billion. Analysts surveyed by FactSet expect $6.58 billion.

Price: 231.81, Change: -104.90, Percent Change: -31.15