Accenture Posts Solid Third Quarter; Notes Weakness in Health & Public Service; Shares Fairly Valued
Accenture reported a solid third-quarter result with revenue and adjusted earnings coming within our expectations. The company gave an updated outlook for the full year and now assumes a less impactful foreign exchange headwind. In addition, a large U.S. pension plan settlement charge will have a $0.47 impact on the firm’s GAAP EPS but will not affect its non-GAAP EPS, the midpoint of which was modestly increased to $5.88 from $5.79. After updating our financial model and incorporating a lower l...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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