Accenture Shares Slip on Lower 4Q Bookings, Below-Consensus Outlook
28 September 2023 - 10:37PM
Dow Jones News
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)
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