S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Accenture, PepsiCo Net Soar; ConAgra Net Swing to Profit


Author: Mukesh Buch
ticker.com
Last Update: 4:25 AM ET September 29 2016

12:00 PM New York Accenture fourth-quarter net soared 13% to $1.07 billion. Bassett Furniture third-quarter net fell 2% to $4.2 million. ConAgra first-quarter net swung to profit $186 million. PepsiCo third-quarter net jumped four-fold to $2 billion. Progress Software third-quarter net swung to profit $8 million.

Tollbooth Index edged down 2.85 to 10,985.40.

Earnings Review

Accenture Plc (ACN), the Ireland-based outsourcing services provider said net revenues in the fourth-quarter ending in August jumped 8% from a year ago to $8.5 billion.

Net income in the quarter soared 12.6% to $1.07 million or $1.68 per diluted share compared to the $737.6 million or $1.15 per share from the same quarter last year.

Accenture forecasted net revenues in the first-quarter to jump 5% to 8% or in the range of $8.40 billion to $8.65 billion.

Bassett Furniture Industries Inc (BSET), the home furnishings retailer stated revenues in the third-quarter ending on August 27 dropped 5.7% from a year ago to $104.7 million.

Net income in the quarter fell 2.3% to $4.17 million or 38 cents per diluted share compared to the $4.27 billion or 39 cents per share from the same quarter last year.

ConAgra Foods Inc (CAG), the packaged food maker reported net sales in the first-quarter ending on August 28 slumped 4.6% from a year ago to $2.67 billion.

Net in the quarter swung to profit $186.2 million or 42 cents per diluted share compared to the loss of $1.15 billion or $2.65 per share from the same quarter last year.

PepsiCo, Inc (PEP), the food and beverage maker reported revenues in the third-quarter ending on September 3 fell 2% from a year ago to $16 billion.

Net income in the quarter jumped four-fold to $1.99 billion or $1.37 per diluted share compared to the $533 million or 36 cents per share from the same quarter last year.

PepsiCo lifted earnings per share estimate in the year of about $4.78 from the earlier forecast of $4.71 per share.

Progress Software Corporation (PRGS), the application software developer stated revenues in the third-quarter ending in August advanced 8% from a year ago to $102 million.

Net in the quarter swung to profit $7.6 million or 15 cents per diluted share compared to the loss of $4.1 million or 8 cents per share from the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc