Accenture Fiscal Q3 EPS Meets, Sales Beat Views

Accenture reported pre-market Thursday fiscal Q3 results, with adjusted earnings matching expectations on higher revenues that were better-than-expected. The company also raised its full-year adjusted EPS outlook.

For Q3 ended May 31, adjusted EPS was $1.52 per share, up from $1.41 per share a year earlier and matching the consensus provided by Capital IQ. Revenues rose to $8.87 billion from $8.43 billion a year earlier, beating expectations for $8.82 billion. For FY17, Accenture expects adjusted EPS of $5.84 to $5.91 per share, up from a prior view of $5.70 to $5.87 per share and straddling the $5.86 per share average estimate.
For Q4, the company expects net revenues of $8.85 billion to $9.10 billion, also straddling the $8.94 billion mean estimate.

By Kristin Senesi