Updates to clarify net income figure
NEW YORK (Thomson Financial) - Accenture reported late Thursday
third-quarter net income of $469.1 million, or 74 cents a share, compared with
net income of $345.4 million, or 54 cents a share, in the same period a year
earlier.
The mean estimate of analysts polled by Thomson Reuters was for a profit of
69 cents a share.
Net income for diluted earnings per share, which includes minority interest
of $133.9 million, rose to $603 million from $467.3 million.
Revenue for the period ended May 31 rose to $6.59 billion from last year's
$5.54 billion. Analysts had expected sales of $5.91 billion for the quarter.
The Hamilton, Bermuda-based consulting and firm expects fourth-quarter
revenue of $5.9 billion to $6.1 billion, against analyst expectations of $5.73
billion.
Accenture also raised its full-year earnings outlook to $2.63 to $2.65 a
share, from a prior projection of $2.55 to $2.60 a share.
Wall Street is looking for $2.59 a share for the year.
The company expects revenue growth to be toward the upper end of its
guidance of 9% to 12% in local currency.
The stock rose 6.2% to $41.24 in late afternoon trading on Friday. Volume of
7.7 million shares was more than triple the 30-day average.
Wanfeng Zhou
wz/gm/tk1
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