Technology and human resources consulting firm Accenture Plc (
) late Thursday posted fourth quarter earnings results that beat
analyst expectations, but its 2012 guidance was lower than
anticipated, sending its shares lower in aftermarket trading.
The Dublin, Ireland-based company reported fourth quarter net
income of $642.1 million, or 96 cents per share, compared with
$534.7 million, or 81 cents per share, in the year-ago period.
Revenue rose 17% from last year to $7.59 billion.
On average, Wall Street analysts expected a smaller profit of 94
cents per share on lower revenue of $7 billion.
Looking ahead, the company said it now expects full-year 2012
earnings to range from $3.76 to $3.84 per share, down from $3.80 to
$3.88 previously. ACN said the lowered outlook was due to negative
effects from the stronger dollar. Analysts are looking for 2012
earnings of $3.83 per share.
Accenture shares fell $1.43, or -2.6%, in premarket trading
The Bottom Line
Shares of Accenture (
) have a 2.41% dividend yield, based on last night's closing stock
price of $56.13. The stock has technical support in the $52-$54
price area. If the stock can firm up, we see overhead resistance
around the all-time high levels of $60-$64 a share.
Accenture Plc (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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