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Benzinga
152 days

Dow Gains Over 100 Points; Accenture Shares Plunge After Q2 Results

1. Accenture shares fell over 7% after Q2 earnings report. 2. Q2 earnings of $2.82 per share exceeded the consensus of $2.81. 3. Revenue guidance narrowed to 5%-7%, affecting future growth expectations. 4. Forecasted diluted earnings of $12.55-$12.79 per share miss consensus of $12.90. 5. Market indices rose, but ACN experienced significant decline amidst the news.

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FAQ

Why Bearish?

ACN’s significant share drop signals investor concern over growth outlook and earnings miss.

How important is it?

Earnings reports significantly affect stock prices; the lowered forecast reflects reduced growth.

Why Short Term?

Immediate investor reactions likely due to disappointing earnings and guidance.

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