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 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

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!