RTTNews | May 4, 2021 09:57AM EDT

09:56 Tuesday, May 4, 2021 (RTTNews.com) - Shares of research and advisory company Gartner, Inc. (IT) are climbing more than 18% Tuesday morning following upbeat first-quarter results.

Net income in the first quarter more than doubled to $164 million or $1.84 per share from $75 million or $0.83 per share in the comparable quarter last year.

Excluding items, adjusted EPS was $2 per share, that beat the average estimate of analysts polled by Thomson Reuters at $1.05 per share.

Revenue for the quarter increased to $1.104 billion from $1.019 billion in the same quarter a year ago. The consensus estimate was for $1.05 billion.

Gartner shares touched a new high of $239.05 this morning, before slipping to trade at $232.97 Currently.

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