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New York, NY -- (SBWIRE) -- 04/01/2013 -- StockRunway.com issues special report on the Stocks in Focus - Accenture Plc (NYSE:ACN), Companhia Siderurgica Nacional (NYSE:SID)
Accenture Plc (NYSE:ACN) estimate fiscal Q3 sales that fell short of Wall Street forecasts as the world’s second biggest technology-consulting company takes on fewer short-term contracts.
The Dublin-based Accenture reported in a statement on Thursday that revenue will reach $7.25 billion to $7.5 billion in the three months period that finishes in May. That failed to meet the $7.58 billion median forecasts of analysts, as shown in the Bloomberg gathered data.
Is ACN a Solid Investment at These Levels? Read This Report For Details
Accenture declared in the separate statement that Craig plans to step down from the chief financial officer job on July 1 and depart the company on August 31. Craig will be substituted by David Rowland, senior vice president of finance at Accenture.
Companhia Siderurgica Nacional (ADR) (NYSE:SID) stock plunged on Thursday after the company announced fiscal Q4 net income to controlling shareholders was 331.8 million Brazilian Reais, evaluated against 831.8 billion Reais in previous year.
Brazilian steel producer announced gross margin for three months period plunged to 30% from 39% in previous year.
Can Investors Bet on SID after this News update? Find out in this Research Report
Quarterly revenues for three months period were 4.60 billion Reais, evaluated against 4.17 billion Reais in same period a year earlier. Four analyst’s median forecasts confirm revenue of 4.33 billion Reais.
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