Accenture Shares Surge as Q2 Earnings Beat View (ACN)

By
A A A
Share |

Consulting and outsourcing specialist Accenture Plc ( ACN ) late Thursday posted better-than-expected fiscal second quarter earnings results, sending its shares surging in aftermarket trading.

The Dublin, Ireland-based company reported fiscal second quarter net income of $503 million, or 75 cents per share, compared with $400 million, or 60 cents per shares, in the year-ago period.

On average, Wall Street analysts expected a smaller profit of 71 cents per share.

Net revenue jumped 17% from last year to $6.05 billion, besting the company's previously-announced guidance for $5.6 to $5.8 billion.

Accenture shares rose $3.34, or +6.4%, in premarket trading Friday.

The Bottom Line
Shares of Accenture ( ACN ) have a 1.59% dividend yield, based on last night's closing stock price of $51.96. The stock has technical support in the $48-$50 price area. The shares are approaching all-time high levels of $54-$55 a share. This is a name we have previously recommended for "aggressive" dividend investors.

Accenture Plc ( ACN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: ACN

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

75%

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com