Technology and business services company, Accenture Plc(ACN) reported increased profits, beating analysts estimates on Wednesday.
The Dublin, Ireland based company reported first quarter earnings of $766 million, or $1.06 per share, up 7% from last years earnings of $712 million, or 96 cents per share. Analysts expected to see earnings of $1.04 per share.
The company reported revenue of $7.22 billion, up 2% from $7.07 billion last year. Analysts expected revenue of $7.32 billion.
Looking ahead, ACN estimates their Q2 revenue to be in the range of $6.9 billion and $7.15 billion. On average, analysts are expecting revenues of $7.14 billion.
For the full year 2013, ACN is expecting earnings in the range of $4.24 to $4.32 per share, an increase over their previously estimate range of $4.22 to $4.30 per share. Analysts are expecting to see EPS of $4.27.
Accenture shares were down -$3.67, or -5.21% during premarket trading Thursday. The stock is up 32% YTD.
The Bottom Line
Shares of Accenture (ACN) have a 2.30% dividend yield, based on last night’s closing stock price of $70.40. The stock has technical support in the $63-$65 price area. The stock is trading near all-time highs.
Accenture Plc(ACN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here