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Friday, June 29, 2012

Accenture (ACN) reported earnings on Thur 28 June 12

** charts before earnings **

 


** charts after earnings **




Accenture PLC's fiscal third-quarter earnings rose 9.8% as the consulting firm amid broad-based revenue growth, particularly in its outsourcing business.
Shares rose 3% to $58.34 in after-hours trading as earnings topped expectations.
Accenture has continued to post strong earnings growth in recent years as companies continue to spend heavily on consulting and outsourcing services.
For the quarter ended May 31, Accenture reported a profit of $689.2 million, or $1.03 a share, up from $628 million, or 93 cents a share, a year earlier.
Analysts polled by Thomson Reuters most recently projected earnings of 99 cents.

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Our trade: bought calls @ 0.80, sold @ 1.75 next day --> profit .90 = 113%

Thu Jun 28 15:48:42 2012 Buy  ACN Jun 29 '12 $57.50 Call w Executed @ $0.80
Fri Jun 29 11:13:16 2012 Sell  ACN Jun 29 '12 $57.50 Call w Executed @ $1.75

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