Accenture beats 2Q profit forecasts
DUBLIN (AP) - Accenture PLC (ACN) on Thursday reported fiscal second-quarter net income of $838.8 million.
On a per-share basis, the Dublin-based company said it had profit of $1.33.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The consulting company posted revenue of $8.76 billion in the period. Its net revenue was $8.32 billion, missing Street forecasts. Nine analysts surveyed by Zacks expected $8.34 billion.
For the current quarter ending in June, Accenture said it expects revenue in the range of $8.65 billion to $8.9 billion. Analysts surveyed by Zacks had expected revenue of $8.79 billion.
Accenture shares have climbed 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 5 percent. The stock has increased 17 percent in the last 12 months.
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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
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Keywords: Accenture, Earnings Report
