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Accenture: Fiscal 3Q Earnings Snapshot

June 27, 2019 GMT

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.


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