Monday, December 22, 2008

Accenture Rises to Six-Week High on Strong Q1 Report

Accenture (ACN | Quote | Chart | News | PowerRating) surged to a six-week high on a strong first-quarter earnings report. The stock rose to $32.21, up $1.80 for the session. Shares gained for a sixth straight session.

The company's net income for the first quarter increased to $479.87 million or $0.74 per share from $381.29 million or $0.60 per share in the comparable quarter last year. Wall Street expected the company to earn $0.68 per share for the quarter. Analyst estimate typically excludes special items.

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For full details on Accenture Ltd (ACN) click here. Accenture Ltd (ACN) has Short Term PowerRatings of 3. Details on Accenture Ltd (ACN) Short Term PowerRatings is available at this link.

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