Market Currents

• Thursday, December 17, 2009

• 16:05 PM Accenture (ACN): FQ1 EPS of $0.67 beats by $0.02. Revenue of $5.4B (-11%) in-line. Sees Q2 revenue of $5.1B-5.3B vs. $5.43B. Shares -2% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: ACN, DRI, NKE, ORCL, PALM, RIMM, TTWO Comment!

• Sunday, December 13, 2009

• 15:45 PM Accenture (ACN) severs its ties with Tiger: "Given the circumstances of the last two weeks, after careful consideration and analysis, the company has determined that he is no longer the right representative for its advertising." 3 Comments

• Thursday, December 10, 2009

• 08:23 AM Sources say Gillette (PG) may renegotiate its corporate sponsorship of Tiger Woods. On Tuesday, Gatorade (PEP) dropped the golfer despite intense lobbying from his agent. Contrary to reports that the break was strictly about poor sales, a company insider says Gatorade seized on the scandal to break from a deal that had already gone bad. Nike (NKE) is said to be backing Tiger, but his deal with Accenture (ACN) is also thought to be on shaky ground. Comment!

• Tuesday, December 8, 2009

• 16:49 PM Big changes at Tiger Woods Inc. after reports of extramarital affairs: Marketers have pulled all ads related to the golfer from prime-time TV, which touches a number of affiliated brands ([[ACN]], [[AXP]], [[ERTS]], [[NKE]], [[PEP]]). Gatorade (PEP) has discontinued its "Tiger Focus" sub-line - though that plan was in place before Woods' Nov. 27 car accident. Comment!

• Thursday, October 1, 2009

• 16:10 PM Accenture (ACN): FQ4 EPS of $0.63 (ex-charge) in-line. Revenue of $5.15B (-14%) in-line. Took charge accounting for $0.24/share; increases annual dividend 50% to $0.75; increases share buyback by $4B. Shares -2.8% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ACN, BLUD, CREL, GPN Comment!

• Friday, August 21, 2009

• 09:41 AM JPMorgan says Accenture (ACN +0.4%) may see some negativity after announcing a $247M restructuring charge yesterday. While efforts to trim costs are positive, "we think the move also suggests that demand recovery may not be as robust as some investors have been hoping... If things are getting better, why would Accenture need to take these actions now?" 1 Comment

• Thursday, June 25, 2009

• 16:25 PM Accenture (ACN): FQ3 EPS of $0.68 beats by $0.04. Revenue of $5.5B (-16%) vs. $5.2B. Sees Q4 revenue $5B-5.2B vs. $5.3B. Raises FY09 guidance to $2.67-2.70 vs. $2.64. Shares +3.5% AH. (PR) 1 Comment
• 00:10 AM Notable earnings after Thursday's close: ACN, MU, PALM, TIBX Comment!

• Friday, March 27, 2009

• 09:07 AM Premarket losers: OSIR -26%. MGM -13%. UBS -10%. ACN -10%. ING -9%. DHT -7%. AIG -7%. PWE -7%. STP -7%. AAUK -6%. SOL -6%. BHP -6%. C -6%. SAP -6%. Comment!
• 04:32 AM Accenture (ACN): FQ2 EPS of $0.63 beats by $0.01. Revenue of $5.3B (-6.1%) vs. $5.5B. (PR) (~from Thurs. evening) Comment!

• Thursday, March 26, 2009

• 00:10 AM Notable earnings after Thursday's close: ACN, ERJ, TIBX Comment!

• Tuesday, January 13, 2009

• 05:50 AM Satyam's (SAY) public implosion leaves non-Indian computer-service providers like IBM (IBM) and Accenture (ACN) in a stronger position to pick up new contracts. Comment!

• Monday, December 29, 2008

• 10:07 AM Satyam (SAY +5.2%) may be on the block after speculation founder B Ramalinga Raju may relinquish control. Suitors include IBM (IBM), Accenture (ACN) and French firm Cap Gemini. Comment!

• Thursday, December 18, 2008

• 16:12 PM Accenture (ACN): FQ1 EPS of $0.74 beats by $0.06. Revenue of $6.47B (+6%) vs. $5.97B. (PR) Comment!