UPDATE 2-Accenture earnings fall but better than expected

Thu Jun 25, 2009 10:39pm BST
 
Email | Print | | Single Page
[-] Text [+]

* Q3 EPS 68 cents vs Wall St view of 64 cents

* Q3 revenue $5.15 bln

* Raises full-year EPS outlook to $2.67-$2.70

* Shares rise 5 pct after-hours (Adds CFO comments)

NEW YORK, June 25 (Reuters) - Technology outsourcing and consulting firm Accenture Ltd (ACN.N) said quarterly profit fell due to a slower economy and a stronger U.S. dollar, although the results were better than Wall Street expected and helped the shares rise 5 percent.

Accenture said on Thursday profit for its fiscal third quarter fell to $444 million, or 68 cents a share, from $469 million, or 74 cents a share, in the year-ago period.

Analysts on average had expected profit per share of 64 cents, according to Reuters Estimates.

The company also raised its earnings per share outlook for the full year to $2.67 to $2.70 from a previous range of $2.60 to $2.67.

"Overall, we did see some positive activity toward the end of the third quarter, but we remain cautious and have not lost sight of potential challenges that may lie ahead," Chief Financial Officer Pamela Craig told investors on a conference call.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos