NewzDUBLIN (AP) — DUBLIN (AP) — Accenture PLC (ACN) on Thursday reported fiscal fourth-quarter net income of $1.99 billion. The Dublin-based company said it had profit of $3.29 per share. The results surpassed Wall Street expectations.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share. The consulting company posted revenue of $18.68 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $18.02 billion.
For the year, the company reported profit of $8.37 billion, or $13.56 per share. Revenue was reported as $74.18 billion. Accenture expects full-year earnings to be $14.39 to $14.81 per share.
Accenture shares have fallen 32% since the beginning of the year, while the S&P’s 500 index has increased 12%. The stock has declined 26% 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 Source (MKC) on Thursday reported fiscal third-quarter profit of $97.6 million. The Hunt Valley, Maryland-based company said it had profit of 36 cents per share.
Earnings, adjusted for non-recurring costs, were 86 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. The spices and seasonings company posted revenue of $2.02 billion in the period, also beating Street forecasts.
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