Market Updates

U.S. Movers: Accenture, H&R Block, Oracle, Tibco, Finish Line

Mukesh Buch
24 Jun, 2011
New York City

    Accenture third quarter net income increased 9.3% to $628 million. H&R Block fourth quarter net income slumped to $658.6 million. Oracle fourth quarter net income surged 36% to $3.2 billion.

[R]11:50 AM New York – Accenture third quarter net income increased 9.3% to $628 million. H&R Block fourth quarter net income slumped to $658.6 million. Oracle fourth quarter net income surged 36% to $3.2 billion.[/R]

Of 30 the stocks in the Dow, 2 increased and 28 decreased.

Of the stocks in the Dow Jones Industrial Average, Alcoa Inc. led the gainers with a rise of 1.18% followed by increase in Kraft Foods Inc. of 0.18%.

American Express Company led the decliners with a fall of 1.71%, followed by decline in General Electric Company of 1.58%, in Cisco Systems, Inc. of 1.55%, in Microsoft Corporation of 1.50% and in 3M Company of 1.39%.

Other Movers

Accenture plc ((ACN)) gained 2.3% or $1.30 to $56.99 after the Ireland based outsourcing company reported third quarter net revenues soared 21% to $6.7 billion from $5.6 billion in the same quarter last year. Net income in the quarter increased 9.3% to $628 million or 93 cents per diluted share compared to $490.6 million or 73 cents per share a year ago.

H&R Block, Inc. ((HRB)) fell 0.3% or 5 cents to $16.02 after the consulting service provider stated fourth quarter revenue edged down to $2.32 billion from $2.34 billion in the same quarter last year. Net income in the quarter slumped to $658.6 million or $2.14 per diluted share compared to $690.8 million or $2.10 per share in the prior-year quarter.

Micron Technology, Inc. ((MU)) slumped 12% or $1.01 to $7.42 after the memory chip maker said third quarter net sales fell 6.6% to $2.14 billion from $2.29 billion in the same quarter last year. Net income in the quarter plunged 92% to $75 million or 7 cents per diluted share compared to net income of $939 million or 92 cents per share for the year-ago quarter.

Oracle Corporation ((ORCL)) decreased 4% or $1.30 to $31.15 after the business software and database developer said fourth quarter revenues rose 13% to $10.78 billion from $9.51 billion a year ago. Net income in the quarter surged 36% to $3.2 billion or 62 cents per diluted share compared to net income of $2.4 billion or 46 cents per share for the year-ago quarter

TIBCO Software Inc. ((TIBX)) increased 3% or 79 cents to $26.79 after the software company reported second quarter total revenue surged 25% to $216.4 million from $173.3 million in the same quarter last year. Net income in the quarter increased to $21 million or 12 cents a diluted share compared to $12.8 million or 8 cents a share a year ago.

The Finish Line, Inc. ((FINL)) decreased 4.9% or $1.14 to $22.03 after the specialty retailer said first quarter net sales rose 6% to $299.5 million from $282.4 million in the same quarter last year. Comparable store sales increased 6.5%. Net income in the quarter grew 20% to $16.4 million or 30 cents per diluted share compared to $13.6 million or 25 cents per share a year ago.

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