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Accenture Lowers Guidance Citing an 'Uncertain Macro Environment' and Its Stock Tumbles

Equities & Market Mechanics

Definition

Key Takeaways Accenture shares slumped Thursday as the tech and consulting services provider reported a slowdown in sales and new bookings.The company predicted current-quarter revenue below estimates, and lowered its full-year outlook.CEO Julie Sweet said the company had to deal with an "uncertain macro environment." Accenture (ACN) shares tumbled over 8% in intraday trading Thursday after the pr

In Panel Profits

In the Panel Profits market platform, Accenture Lowers Guidance Citing an 'Uncertain Macro Environment' and Its Stock Tumbles applies standard equities & market mechanics principles to comic assets and physical collections. Trading volume and liquidity spreads reflect secondary market dealer and auction transactions.

Common mistakes

Do not infer unobserved prices.