How Accenture's Shares Gained 49% in 2019
Shares of professional services giant Accenture (NYSE: ACN) rose 49.3% in 2019, according to data from S&P Global Market Intelligence. The gains continued a long-term trend of roughly doubling the broader market's gains, adding up to a 134% return over the last five years, while the S&P 500 market barometer's increase stopped at 62%.
Accenture's gains in 2019 were accompanied by a steady drumbeat of rock-solid earnings reports. The bottom-line surprise was particularly strong in March's second-quarter update, driving share prices 5% higher in a single day, but earnings came in significantly above analyst expectations every time.
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Source Fool.com
