Accentureshares rose in late trading Wednesday after the consulting and services firm delivered better than expected results and guidance.
Accenture’s earnings of 46 cents a share were four cents ahead of estimates, while sales rose 14% to $4.75 billion, well ahead of $4.51 billion forecasts.
The company’s forward guidance was also better than analysts were looking for, and $5.5 billion in consulting and outsourcing bookings raised hopes that the good news will continue.
Accenture shares gained 2% in after-hours trading.
Also after the close, Jabilfell 3% on a warning.
Stocks finished the day with modest losses after an early rally on merger news gave way to profit-taking.
Redback Networkswas the tech standout of the day, soaring 21% on a takeover offer from Ericsson.
HPgained 2% on a Bank of America upgrade.
Palmslipped 1% after beating estimates but lowering guidance. Systemaxsurged 16% on its results.
Digitassoared 22% on a buyout offer from Publicis.
The Nasdaq lost 2 to 2427, the S&P 500 slipped 2 to 1423, and the Dow gave back 7 to 12,463. Volume declined to 2.33 billion shares on the NYSE, and 1.81 billion on the Nasdaq. Advancers led 18-14 on the NYSE, and 17-13 on the Nasdaq. Upside volume was 54% on the NYSE, and 55% on the Nasdaq. New highs-new lows were 252-18 on the NYSE, and 98-48 on the Nasdaq.