Why Accenture Stock Soared on Thursday
Investors reacted positively to earnings, but is Accenture stock now too expensive to buy?
Overview
Accenture (NYSE: ACN) stock soared an astounding 22.2% through 10 a.m. ET Thursday after beating earnings in its Q4 and full-year report this morning.
Heading into earnings, analysts expected Accenture to report a $3.19 per share profit on just over $18 billion in quarterly sales. In fact, the consulting giant earned $3.29 per share on $18.7 billion in sales.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.