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)

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