11:45 AM New York – Accenture net declined but digital and cloud services revenues surged. BlackBerry net swung to profit on record software sales. Conagra reported strong result but net tumbled. McCormick net plunged 15%. Vail Resorts net loss narrowed. Rite Aid net surged.
Tollbooth Index slipped 26.64 or 0.2% to 12,569.90.
fell 37 cents to $136.27 after the professional services provider reported revenues in the fourth-quarter ending in August jumped 7.5% from a year ago to $9.6 billion.
Net income in the quarter declined 12.8% to $932.5 million or $1.48 per diluted share from $1.1 billion or $1.68 in the same quarter last year.
Accenture said fiscal 2017, net revenues from “the New” digital, cloud and security services surged 30% to $18 billion from a year ago period.
The consulting and outsourcing services provider forecasted fiscal 2017 revenues in the range of 5% to 8% and diluted earnings per share in the range of $6.36 and $6.60.
) surged 12.4% or $1.15 to $10.38 after the Canada-based mobile communication services provider said revenues in the second-quarter ending in August plunged 28.7% from a year ago to $238 million.
Net in the quarter swung to profit $19 million but loss of 7 cents per diluted share from a loss of $372 million or 71 cents in the same quarter last year.
The communication company said gross margin in the quarter surged 73.5% from 29.3% in a year ago period.
Conagra Brands, Inc., formerly ConAgra Foods, Inc
) advanced 2.2% or 72 cents to $34.08 after the packaged food maker reported net sales in the first-quarter ending on August 27 dropped 4.8% from a year ago to $1.8 billion.
Net income in the quarter tumbled 18.1% to $152.5 million or 36 cents per diluted share from $186.2 million or 42 cents in the same quarter last year.
""Fiscal 2018 is off to a strong start. We continued to see gross margin expansion, despite higher than expected inflation,” said president and chief executive officer Sean Connolly.
Conagra also reaffirmed its fiscal 2018 forecast.
McCormick & Company, Inc
) jumped 4.8% or $4.59 cents to $101.04 after the spices and seasoning mixes maker said sale in the third-quarter ending in August soared 9% from a year ago to $1.2 billion.
Net income in the quarter plunged 15.3% to $108.2 million or 85 cents per diluted share from $127.7 million or $1 in the same quarter last year.
McCormick estimated fiscal 2017 earnings per share in the range of $3.69 to $3.73 compared to the reported earnings per share in 2016 of $3.69.
Vail Resorts, Inc
) slumped 2.5% or $5.69 to $222.35 after the ski resorts and luxury hotels operator reported revenues in the fourth-quarter ending in July soared 16.2% from a year ago to $209.1 million.
Net loss in the quarter narrowed to $57.1 million or $1.43 per diluted share from $65.3 million or $1.80 in the same quarter last year.
The resorts operator forecasted fiscal 2018 net income between $234 million and $272 million and operating profit in the range of $652 million to $682 million.
Rite Aid Corporation
) tumbled 11.2% or 25 cents to $2.03 after the drugs retailer stated revenues in the second-quarter ending on September declined 4.4% from a year ago to $7.7 billion.
Same-store sales in the quarter slumped 3.4% and retail pharmacy revenues dropped 3.4% to $6.3 billion driven by declines in same-store sales and reimbursement rates and pharmacy segment revenues plummeted 8.7% to $1.5 billion.
Net income in the quarter surged to $170.7 million or 16 cents per diluted share from $14.8 million or 1 cent in the same quarter last year.