DUBLIN (AP) — DUBLIN (AP) — Accenture PLC (ACN) on Thursday reported fiscal first-quarter profit of $2.21 billion.
On a per-share basis, the Dublin-based company said it had net income of $3.54. Earnings, adjusted for non-recurring costs, came to $3.94 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.73 per share.
The consulting company posted revenue of $18.74 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $18.55 billion.
Accenture expects full-year earnings in the range of $13.52 to $13.90 per share.
Accenture shares have dropped 22% since the beginning of the year, while the S&P’s 500 index has climbed 14%. The stock has fallen 23% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACN at https://www.zacks.com/ap/ACN
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