Accenture Revenues Surges; Conagra, Walgreens Beat Earnings Estimates

  • Mukesh Buch
  • 19 Feb, 2019
  • New York

    Accenture declined despite outsourcing services provider lifted fiscal outlook. BlackBerry net swung to profit. Carnival beats earnings estimates. Conagra tumbled after net declined. Herman Miller reported higher-than-expected results. Walgreens reported strong results.

Tollbooth Index declined 540.37 or 3.8% to 13,883.32 but for the year-to-date rose 0.9%.

Earnings Review

Actuant Corp, plunged 6.6% or $1.52 to $21.71 after the diversified industrial products provider said net sales in the first-quarter ending in November rose 1.2% from a year ago to $292.5 million.

Net in the quarter swung to a loss of $17.5 million or 29 cents per diluted share from profit of $5.2 million or 9 cents in the same quarter last year.

Actuant forecasted fiscal 2019 sales growth between 3% and 5% or $1.15 billion to $1.19 billion and diluted earnings per share growth in the range of $1.09 and $1.20.

Accenture Plc, declined 4.1% or $6.21 to $144.80 after the Ireland-based professional consulting services provider said revenues in the first-quarter ending in November soared 7% from a year ago to $10.6 billion.

Net income in the quarter soared 8.3% to $1.3 billion or $1.96 per diluted share from $1.2 billion or $1.79 in the same quarter last year.

Accenture lifted fiscal 2019 revenue growth forecast in the range of 6% to 8% from the earlier estimate of 5% to 8% but diluted earnings per share between $7.01 and $7.25 from the earlier estimate of $6.98 to $7.25.

BlackBerry Limited, soared 5.8% or 43 cents to $7.80 after Canada-based smart phones, tablets maker said revenues in the third-quarter ending in November flat from a year ago to $226 billion.

Net in the quarter swung to profit $59 million from a loss of $275 million and diluted loss of 1 cent from 52 cents in the same quarter last year.

Carnival Corp, plummeted 6.7% or $3.70 to $51.31 after the cruise line operator reported revenues in the fourth-quarter ending in November jumped 4.8% from a year ago to $4.4 billion.

Net income in the quarter soared 8.3% to $494 million or 71 cents per diluted share from $546 million or 76 cents in the same quarter last year.

The cruise line operator forecasted fiscal 2019 revenues growth of 5.5% and capacity growth of 4.6% and diluted earnings per share in the range of $4.50 to $4.80.

Conagra Brands Inc, tumbled 11.7% or $3.40 to $25.69 after the packaged foods maker revenues in the second-quarter ending on November 25 advanced 6% from a year ago to $4.2 billion.

Net income in the quarter declined 17.6% to $309.8 million or 76 cents per diluted share from $376 million or 91 cents in the same quarter last year.

Conagra forecasted fiscal 2019 total sales growth in the range of 22% to 23% and gross margin between 29.3% to 29.6% and diluted earnings per share growth in the range of $2.03 to $2.08.

Eli Lilly and Company, edged up 0.1 cent to $109.28 after the pharmaceutical products maker forecasted fiscal 2019 revenues in the range of $25.3 billion to $25.8 billion and diluted earnings per share growth in the range of $5.90 to $6.

Herman Miller Inc, advanced 2.4% or 73 cents to $31 after the office furniture, equipment and home furnishings distributor said revenues in the second-quarter ending on December 1 soared 7.9% from a year ago to $652.6 million.

Net income in the quarter surged 17.3% to $39.3 million or 66 cents per diluted share from $33.5 million or 55 cents in the same quarter last year.

Scholastic Corporation, plummeted 8.2% or $3.44 to $38.66 after the media and books publisher stated revenues in the second-quarter ending in November grew 1% from a year ago to $604.7 million.

Net income in the quarter jumped 25% to $71.6 million or $1.99 per diluted share from $57.1 million or $1.60 in the same quarter last year.

Scholastic reaffirmed fiscal 2019 revenues in the range of $1.6 billion to $1.7 billion and diluted earnings per share in the range of $1.60 to $1.70.

Walgreens Boots Alliance Inc, dropped 2.8% or $2.06 to $71.23 after the drug store services provider reported revenues in the first-quarter ending in November jumped 9.9% from a year ago to $33.8 billion.

Comparable retail sales in the quarter declined 3.2% but comparable pharmacy sales increased 2.8% and prescriptions filled in comparable stores increased 2%.

Net income in the quarter surged 33.9% to $1.1 billion or $1.18 per diluted share from $821 million or 81 cents in the same quarter last year.


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