Accenture share price: Why did the Dublin-based IT giant’s stock nosedive 7% after Q2 results? EXPLAINED
Accenture Share Price: Shares of Accenture Plc cracked over seven per cent on the New York Stock Exchange (NYSE) after the world’s biggest information technology (IT) services company declared its second-quarter earnings results. The Dublin, Ireland-based IT major hiked its full-year revenue growth guidance to 5-7 per cent, higher than market estimates.
On Thursday, shares of Accenture opened at $296.15 on the American stock exchange and swung to a day’s low of $291.51 before settling 7.26 per cent lower at $300.91 on the NYSE. Accenture Plc also flagged macroeconomic uncertainty in the US market during its post-earnings call with analysts.
The weakness in the IT stock also dragged Wall Street‘s tech-heavy Nasdaq Composite index, which…
