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March 26, 2015
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.
06:11 EDTWFCWells Fargo to close Milwaukee office, cut 1,000 jobs, AP reports
Wells Fargo will eliminate about 1,000 jobs in Milwaukee as the bank closes its home lending servicing office in the city, The Associated Press reports. The bank said in an emailed statements that fewer customers have become delinquent on their payments as the economy has improved, and fewer customers have needed assistance to stay in their homes. Reference Link
March 25, 2015
16:47 EDTAXPAmerican Express says co-brand deal with British Airways renewed
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16:42 EDTAXPAmerican Express says confident in 25% target for ROE
16:20 EDTAXPAmerican Express sees Q1 growth modestly better than full year growth view
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15:47 EDTAXPAmerican Express CFO says pleased with results of Fed CCAR review
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15:34 EDTACNNotable companies reporting before tomorrow's open
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15:17 EDTAXPAmerican Express targets 2015 operating expense growth of below 3%
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14:25 EDTAXPAmerican Express sees returning to positive EPS growth in FY16
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14:24 EDTAXPAmerican Express repeats view for FY15 EPS to likely be flat to down modestly
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14:18 EDTAXPAmerican Express CEO says committed to long-term 8%+ revenue growth target
American Express, on average and over time, has financial targets for revenue growth of 8%+, though it will not see that level of revenue growth over short-term, said CEO Ken Chenault during the company's investor day meeting. On average and over time, American Express sees EPS growth of 12%-15% and ROE growth of 25%+.
14:00 EDTAXPAmerican Express CEO says 'numbers didn't add up' with Costco
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13:56 EDTAXPAmerican Express says remedies filed with court in suit with DOJ
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13:53 EDTAXPAmerican Express says Bluebird, Serve load volume up 300%+ from 2012-2014
American Express said the increase in platform load and merchant spend for Bluebird and Serve are both up 300%+ from 2012 to 2014, albeit off a small base. Comments from American Express investor day presentation.
09:35 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
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.
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