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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:10 EDTSTO, ACNAccenture selected by Statoil to provide finance and control services
Accenture (ACN) announced it has been selected by Statoil ASA (STO) to provide finance and control services globally on an outsourced basis to help the company drive efficiencies and support its global organization. Under the terms of the agreement, Accenture will provide finance and control outsourced services in the areas of joint venture reporting, financial reporting, statutory and tax reporting, production and revenue accounting, financial model and master data, cost allocation, collection and indirect tax reporting, billing and trade accounting.
News For ACN;STO From The Last 14 Days
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March 26, 2015
16:20 EDTACNOn The Fly: Closing Wrap
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16:02 EDTACNAccenture unit completes acquisition of Agilex Technologies
Accenture Federal Services said it has completed its acquisition of Agilex Technologies, a provider of digital solutions for the U.S. federal government. The acquisition was first announced on February 9.
14:10 EDTACNAccenture price target range raised to $101-$103 at Wells Fargo
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12:27 EDTACNOn The Fly: Midday Wrap
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09:23 EDTACNOn The Fly: Pre-market Movers
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08:26 EDTACNAccenture management to meet with Deutsche Bank
Meeting to be held in Boston on March 26 hosted by Deutsche Bank.
07:14 EDTACNAccenture reports Q2 new bookings $9.4B
"Based on our continued momentum and very strong performance in the first half, we are raising our business outlook for revenues for the full fiscal year," said the company.
07:12 EDTACNAccenture sees FY15 adjusted EPS to $4.66-$4.76, consensus $4.75
Accenture now expects GAAP EPS to be $4.61-$4.71, including the positive impact of its increased revenue outlook, offset by negative impact of revised foreign-exchange assumption, as well as negative impact of settlement charge. Company’s previously guided EPS was $4.66-$4.80. Company raises FY15 net revenue growth in local currency 8%-10% from 5%-8%. FY15 outlook now assumes forex impact (8%); previous assumption was (5%). In May, company will record non-cash settlement charge of approximately $60M, pre-tax, as a result of a current offer to former employees to receive a voluntary one-time, lump-sum cash payment from company’s U.S. pension plan. The payment will settle the company’s pension obligations. This settlement charge will reduce company’s fiscal 2015 GAAP EPS by approximately 5c and full-year GAAP operating margin by approximately 20 basis points. Accenture now expects GAAP operating margin for the full fiscal year to be 14.2%-14.4%, compared with previously guided 14.4%-14.6%. Excluding the settlement charge, operating margin for full fiscal year expected to be 14.4%-14.6%, an expansion of 10 to 30 basis points from fiscal 2014. Now expects operating cash flow for fiscal 2015 to be $3.85B to $4.15B, compared with $3.95B to $4.25B previously; continues to expect property and equipment additions to be $450M; and now expects free cash flow to be $3.4B to $3.7B, compared with $3.5B to $3.8B previously. The company continues to expect to return at least $3.8B to its shareholders in fiscal 2015 through dividends and share repurchases. The company continues to expect its annual effective tax rate to be in the range of 26% to 27%. Accenture is now targeting new bookings for fiscal 2015 in the range of $33B to $35B, compared with $34B to $36B previously, reflecting its revised foreign-exchange assumption.
07:06 EDTACNAccenture declares semi-annual cash dividend of $1.02
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07:05 EDTACNAccenture sees Q3 revenue $7.35B-$7.6B, consensus $7.63B
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07:04 EDTACNAccenture reports Q2 EPS $1.08, consensus $1.07
Reports Q2 revenue $7.49B, consensus $7.38B.
March 25, 2015
15:34 EDTACNNotable companies reporting before tomorrow's open
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09:01 EDTACNAccenture March weekly volatility elevated into Q2 and outlook
Accenture March weekly call option implied volatility is at 77, April is at 27, May is at 21, August is at 19; below its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 26.
March 24, 2015
07:36 EDTSTOWhiting tumbles as stock offering dampens takeover speculation
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March 20, 2015
08:47 EDTACNAccenture March weekly volatility elevated into Q2 and outlook
Accenture March weekly call option implied volatility is at 34, April is at 22, May is at 19, August is at 17; below its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 26.
07:31 EDTSTOOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
March 19, 2015
05:40 EDTSTOStatoil reports annual equity production of 1.93 Mboepd in FY14
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March 16, 2015
09:46 EDTACNAccenture and SAP selected by CenterPoint Energy to develop analytics solution
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09:36 EDTSTOEOG Resources could be a target for Statoil, Houston Business Journal says
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