These stocks announced their respective earnings report on Friday. Following by the quarterly results, these stocks got much attention from investors.
Accenture Plc (ACN) stock opened higher and went up, and finally closed up 7.11% to $70.03, with a cumulative year-to-date increase of over 30%.
The company which is engaged in management consulting, technology and outsourcing services, announced its fiscal quarter earnings results, showing the revenue from outsourcing service increased 10% to $3.1 billion, while the revenue from consulting business declined 4% to $3.74 billion. Analysts believe the outsourcing business will become the main power pushing the growth of the company.
Accenture estimated its 2013 earnings per share to be between $4.22 and $4.30, higher than the consensus estimate of earnings per share of $4.15.
ACN stock traded between $50.34 and $70.65 over the past 52 weeks. Accenture has a market cap of $47.61 billion.
AZZ Incorporated (AZZ) stock price finished up 9.26%, or $3.22, to $37.98 after the electrical equipment and components manufacturer disclosed its second quarter earnings boomed up 65% and raised guidance for the full year earnings. The company also said to expand through the acquisition of Canada galvanization company Galvcast Manufacturing. AZZ stock price has a 52-week range between $18.59 and $40.66. The company has a market cap of $959.96 million.
American Greetings Corp) (AM) also released the latest financial report on Friday, showing the company fell into a loss in the second quarter, mainly dragged down by the expenses associated with acquisition of British Clinton Cards Corp in June. Second quarter net loss came in at $4.30 million, or 13 cents per share, versus earnings of $14.50 million, or $35 cents per share. Excluding the expenses related to the acquisition of Clinton Cards Corp, the company post adjusted earnings of 24 cents per share. Revenue rose 6% from a year ago’s $370 million to $394 million, including about $26.0 million from Clinton Cards Corp. AM stock price faded 1.23%, or $0.21, to $16.80. AM stock fluctuated between $12.47 and $18.93 over the past 52 weeks. The company has a market cap of $567.93 million.
Among these hot stocks, U.S. largest drugstore chain operator Walgreen Company (WAG) on Friday also reported its fourth quarter net profit down 55%, but adjusted results better than market expectations.
The company said the fourth quarter results included expenses associated with the acquisition of the 45% stake in the European health and beauty product manufacturer Alliance Boots for 9 cents per share, as well as inventory expenses of 10 cents per share. In addition, the company’s sales got hit as the contract termination of Express Scripts (ESRX).
Walgreen said the fourth-quarter net profit fell from a year earlier’s $792 million, or 87 cents per share, to $353 million, or 39 cents per share. Last year fourth quarter included the one-time revenue of 30 cents per share from the sale of pharmacy benefit management business.
Excluding one-time items, the company posted adjusted earnings 63 cents per share, topping the analyst estimates of 55 cents per share, and also higher than the average estimate of analysts accept FactSet survey. Revenue declined 5% to $17.1 billion, from $18 billion in the same period last year.