When a company reports earnings per share (EPS) that miss analysts’ estimates, it’s usually not read by Wall Street as a “buy” signal. However, when that company also reports better-than-expected revenue of $7.78 billion in the period, it definitely warrants your attention. #-ad_banner-#That’s precisely what happened to consulting and outsourcing firm Accenture plc (NYSE: ACN). On Wednesday, the Dublin-based company reported fiscal fourth-quarter numbers that were mixed, with the aforementioned revenue up 10% year over year, coming in well ahead of top-line forecasts for $7.62 billion. The bottom line, however, is where Accenture came up short, with the… Read More
When a company reports earnings per share (EPS) that miss analysts’ estimates, it’s usually not read by Wall Street as a “buy” signal. However, when that company also reports better-than-expected revenue of $7.78 billion in the period, it definitely warrants your attention. #-ad_banner-#That’s precisely what happened to consulting and outsourcing firm Accenture plc (NYSE: ACN). On Wednesday, the Dublin-based company reported fiscal fourth-quarter numbers that were mixed, with the aforementioned revenue up 10% year over year, coming in well ahead of top-line forecasts for $7.62 billion. The bottom line, however, is where Accenture came up short, with the company reporting adjusted EPS of $1.08. That metric was up 7% from the same quarter a year ago, but it didn’t quite meet analyst expectations for EPS of $1.10. For the full year, it was much the same for Accenture. The company showed a 5% increase in revenue for fiscal 2014 to $30 billion, firmly above estimates for revenue of $29.8 billion. As for the bottom line, the final EPS for the year was $4.52, an 8% jump from the prior year, but a penny below forecasts. For ACN shares, the mixed earnings come at a time when the shares… Read More