Accenture Shares Fall as Revenue Falls Short of Wall Street Estimates
September 24 2020 - 1:55PM
Dow Jones News
By Dave Sebastian
Accenture PLC shares fell about 6.6% to 215.34% after the
company posted lower-than-expected revenue for the fiscal fourth
quarter.
The company on Thursday posted revenue of $10.84 billion, down
2% from the year-ago period. Analysts polled by FactSet were
looking for $10.93 billion.
Accenture took an investment gain that boosted its profit to
$1.99 a share. Excluding those gains, adjusted earnings were $1.70
a share, down 2% from the year-ago period.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 24, 2020 13:40 ET (17:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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