Updated with final after-hours prices, information on THQ.

NEW YORK ( TheStreet) -- Shares of Accenture ( ACN) rose in late trades on Thursday after the consulting services giant posted a strong fiscal second-quarter profit, lifted its outlook and declared a semi-annual cash dividend of 45 cents a share.

Accenture said it earned $557.6 million, or 75 cents a share, in the latest quarter on revenue net of reimbursements of $6.05 billion. That performance was ahead of last year's equivalent profit of $458.2 million, or 60 cents a share, and topped the average estimate of analysts polled by Thomson Reuters for earnings of 71 cents a share in the February period on revenue of $5.74 billion.

The stock was last quoted at $54.73, up 5.3%, on volume of roughly 320,000, according to Nasdaq.com. Based on a regular session close of $51.96, the shares are up 21.3% in the past year, although they had pulled back since hitting a 52-week high of $54.55 on Feb. 17.

For fiscal 2011, Accenture now sees earnings of $3.22 to $3.30 a share, up from both its previous projection of a range of $3.08 to $3.16 a share, and the current consensus view for a profit of $3.14 a share in the period. The company expects revenue to rise between 11-14% for the year vs. a prior target of 8-11%. It sees revenue for its fiscal third quarter ending in May coming in between $6.3 billion and $6.5 billion.

"With quarterly bookings of $7 billion, including our second-highest consulting bookings ever, demand for our services remains strong, and our growth trajectory demonstrates that we continue to execute our business strategy extremely well," said Pierre Nanterme, the company's chief executive officer, in a statement. "We remain focused on growing market share and, as always, on delivering value to our clients as well as our shareholders."

The company declared a semi-annual cash dividend of 45 cents a share for its Class A stock, payable on May 13 to shareholders of record on April 15. That payout is in line with its last dividend, which was paid on Nov. 14, 2010.

Wall Street was bullish on Accenture ahead of the report with 20 of the 24 analysts covering the shares at either strong buy (10) or buy (10) and the 12-month median price target sitting at $58, implying upside of 11.5% from Thursday's close.

Research In Motion

Shares of Blackberry maker Research In Motion ( RIMM) tumbled in after-hours action after the company disappointed Wall Street with its outlook.

The company forecast earnings of $1.47 to $1.55 per share for its fiscal first quarter ending in May, below the average estimate of analysts polled by Thomson Reuters for a profit of $1.65 a share. Revenue for the period is projected to come in between $5.2 billion to $5.6 billion.

Research In Motion attributed the view to a shift in its product mix toward lower-priced models and increased investment in research and development and sales and marketing for its tablet and platform products. The company also said the range of its guidance was "slightly wider than normal" because of risks related to the potential disruption of its supply chain because of the earthquake in Japan.

>>>RIM Earnings: Live Blog

For the whole of fiscal 2012 ending next February, the company sees earnings of above $7.50 a share, which is ahead of Wall Street's current view.

The stock was last quoted at $57.35, down 10.5%, on volume of 10.2 million, according to Nasdaq.com. The shares finished the regular session at $64.09, up 3.2% for the day, but down 16% in the past year.


Oracle's ( ORCL) results got a round of applause in the late session after the business software giant beat Wall Street's profit expectations and lifted its quarterly dividend by 20%.

The stock gained 4% to $33.44 in after-hours trades, according to Nasdaq.com, on volume of 4.94 million.

Citing strong growth in both its software and hardware businesses, Redwood Shores, Calif.-based Oracle reported an adjusted profit of $2.76 billion, or 54 cents a share, for the three months ended Feb. 28, up from a year-ago equivalent profit of $1.95 billion, or 38 cents a share. Total revenue rose 37% to $8.8 billion in the latest quarter from $6.4 billion last year

The average estimate of analysts polled by Thomson Reuters was for earnings of 50 cents a share in the February-ended period on revenue of $8.67 billion.

Oracle upped its quarterly dividend to 6 cents per share from 5 cents per share. The higher payout is to be distributed on May 4 to shareholders of record on April 13.

The Wet Seal

Shares of The Wet Seal ( WTSLA) advanced 5% to $3.73 on volume of around 210,000 on Thursday after the Foothill Ranch, Calif.-based young women's apparel retailer beat Wall Street's consensus profit view for its fiscal fourth-quarter results by a penny.

The company reported an adjusted profit, excluding items, of $6.1 million, or 6 cents a share, on sales of $165.5 million for the three months ended Jan. 29. Same-store sales rose 2.3% for the quarter.

Wet Seal was also bullish about the current quarter, saying it sees earnings of 5 to 7 cents a share on sales of $151 million to $155 million. The company expects 25 to 27 net store openings for its namesake locations and four net store openings for its Arden B concept.

"I am encouraged by the solid start to fiscal 2011 in February, in which we generated a high single-digit comparable stores sales increase," said Susan McGalla, the company's CEO, in a statement. "We are comfortable with overall inventory levels and content at both divisions, which we hope will support continued strong sales growth through the first quarter."

THQ Inc.

Shares of THQ Inc. ( THQI) gained 7% to $4.97 on volume of around 35,000 after the company released information on sales of its latest video game Homefront.

THQ said it's sold-through an estimated one million units in North America, Europe and the Asia Pacific on 2.4 million shipments to date.

"We are very pleased with strong worldwide shipments and sell-through for Homefront, and we continue to fulfill new retail orders for the game across the globe," said Brian Farrell, the company's president and CEO. "Homefront is clearly resonating with gamers and we are certainly pleased with our initial sales results."

Based on Thursday's regular session close at $4.64, the stock was down nearly 27% so far in 2011.

-- Written by Michael Baron in New York.

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