5 Stocks Making Noise After Releasing Their Financial Results

2. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 50

Shares of Accenture plc (NYSE:ACN) turned red on Thursday, March 17, 2022, even after beating profit and sales expectations for its fiscal second quarter. The Ireland-based professional services company reported earnings of $2.45 per share, up from $2.23 per share in the year-ago period.

Revenue for the quarter jumped 24 percent on a year-over-year basis to $15.05 billion. The results exceeded the consensus of $2.20 per share for earnings and $13.44 billion for revenue.

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Accenture plc (NYSE:ACN) also released its geographical-wise sales performance. Revenue from North America jumped 26 percent to $7.08 billion in the quarter, while Europe revenue increased 24 percent to $5.01 billion. In comparison, revenue from the growth markets rose 22 percent to $2.96 billion.

Looking forward, Accenture plc (NYSE:ACN) raised its fiscal year 2022 earnings outlook to a range of $10.61 – $10.81 per share, from its previous forecast of $10.32 – $10.60 per share. The updated outlook is better than the consensus of $9.68 per share.