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) 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.