Why Accenture Stock Jumped Today
Shares of (NYSE: ACN), which provides business and technology strategies to companies, jumped this morning after the company reported better-than-expected results for the fiscal first quarter of 2025, ended Nov. 30.
The company beat top- and bottom-line consensus estimates, spurring Accenture's management to raise the company's full-year revenue guidance. That sent the company's share price up 6.6% as of 11:46 am ET.
Accenture's revenue increased 9% in the first quarter (ending Nov. 30) to $17.7 billion, which was enough to beat Wall Street's consensus estimate of $17.1 billion. The company's generally accepted accounting principles (GAAP) earnings of $3.59 also easily outpaced analysts' consensus estimate of $3.42 in the quarter.
Source Fool.com
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