Why Accenture Stock Opened 18.9% Lower Today
Accenture beat earnings estimates but still got crushed. Here's what management is betting on for the long term.
Why Accenture Stock Opened 18.9% Lower Today
Overview
Shares of tech consulting veteran Accenture (NYSE: ACN) opened Thursday's trading 18.9% lower, hamstrung by a mixed earnings report with disappointing guidance.
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In the third quarter of fiscal year 2026, Accenture's revenues rose 6% year-over-year to $18.7 billion. Diluted earnings jumped 9% to $3.80 per share. Wall Street's consensus estimates had called for earnings near $3.72 per share on roughly $18.78 billion in top-line sales, so the report was a mixed bag.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
