Accenture Cuts Full-Year Outlook, Shares Drop 17%

Consulting giant Accenture (NYSE: ACN) reported fiscal third-quarter results on June 18 and lowered its full-year revenue growth outlook, sending its shares down roughly 17%–18% to around $128, near a nine-year low. While earnings per share beat estimates, weak revenue and new bookings, along with uncertainty around the shift to generative AI, weighed on the stock. Wall Street Journal