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ACN Accenture Plc

300.91
-2.25 (-0.74%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Accenture Plc NYSE:ACN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25 -0.74% 300.91 303.01 299.68 302.00 5,224,953 01:00:00

Accenture Shares Slip on Lower 4Q Bookings, Below-Consensus Outlook

28/09/2023 1:37pm

Dow Jones News


Accenture (NYSE:ACN)
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By Dean Seal

 

Shares of Accenture declined after the company reported a 10% drop in bookings for its fiscal fourth quarter and projected lower adjusted earnings for fiscal 2024 than analysts had expected.

The stock was down 5% at $298.90 in premarket trading. When the market closed Wednesday, shares had risen 18% year-to-date.

The professional-services company said Thursday morning that earnings fell in the quarter ended Aug. 31 as bookings fell 10%.

For the next fiscal year, Accenture is projecting adjusted earnings, which strip out one-time items, of $11.97 to $12.32 a share. Analysts polled by FactSet had been expecting adjusted earnings of $12.38 a share.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

September 28, 2023 08:22 ET (12:22 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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