Accenture Plc (ACN) and Lennar Corporation (LEN) Report Strong Financial Results; ConAgra Foods Inc. (NYSE:CAG) Suffers an Impairment Charge

Several companies today have reported their financial results for the previous quarter. In this piece we have selected three large-cap companies and will provide their results below:

Accenture: Strong Q3 Results

Accenture Plc (NYSE:ACN), a provider of management and outsourcing services has posted strong third quarter financial results. strong third quarter financial results. Accenture’s net revenues for the quarter increased by 7% to $7.74 billion, slightly above an earlier given range of between $7.40 billion and $7.65 billion. The strong performance for the quarter, according to Accenture Plc (NYSE:ACN)’s CEO Pierre Nanterme, demonstrates the company’s success in executing its growth strategy.

Accenture Plc (NYSE:ACN)

Accenture Plc (NYSE:ACN) reports it is leveraging its unique position at the intersection of business and technology, as well as capturing new opportunities in key growth areas. The company, according to its CEO remains confident on the ability to continue driving growth while also delivering value to shareholders.

Impairment Charges Affect ConAgra Earnings

Packaging food company ConAgra Foods Inc. (NYSE:CAG), on the other hand has had not a very successful quarter. This does not come as a surprise, considering ConAgra Foods Inc. (NYSE:CAG) generated a diluted loss per share from continuing operations of $0.76 attributed to an impairment charge; compared to diluted earnings per share of $0.45 reported a year earlier.

ConAgra Foods Inc. (NYSE:CAG)’s fourth quarter of the last fiscal year was marked by a decline in food sales and comparable operating profit, due to weak volumes. The company now plans to implement initiatives expected to drive volume and profit in 2015 fiscal year. For the full year, ConAgra generated cash flow in excess of $1.5 billion.

Lennar beats Estimates

Homebuilding a financial services provider Lennar Corporation (NYSE:LEN) on its part has also posted solid second quarter financial results. Earnings for the quarter came in at $137.7 million or $0.61 per share, beating the estimates of $0.51 a share, as reported by Fox Business.

Lennar Corporation (NYSE:LEN) remains buoyed by the performance as its core homebuilding business fueled a 14% increase in average sales price. Operating margins for the quarter soared to 14.7% with gross margins, on the other hand, coming in at 25.5%; this is the company’s second highest margins in history.  Stuart Miller Lennar Corporation (NYSE:LEN)’s CEO maintains that the company is well positioned across all platforms to capitalize on a recovering market.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!