Accenture: Fiscal 3Q Earnings Snapshot
DUBLIN (AP) _ Accenture PLC (ACN) on Thursday reported fiscal third-quarter net income of $1.25 billion.
On a per-share basis, the Dublin-based company said it had net income of $1.93.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The consulting company posted revenue of $11.1 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $11 billion.
For the current quarter ending in August, Accenture said it expects revenue in the range of $10.85 billion to $11.15 billion. Analysts surveyed by Zacks had expected revenue of $10.99 billion.
The company expects full-year earnings to be $7.28 to $7.35 per share.
Accenture shares have increased 30% since the beginning of the year, while the Standard & Poor’s 500 index has increased 16%. The stock has increased 17% in the last 12 months.