Accenture and Kroger reported fiscal results exceeding earnings per share estimates, with Accenture posting $3.80 and Kroger $1.46. Despite the earnings beat, Accenture's revenue of $18.72 billion slightly missed expectations, leading the company to lower its annual growth forecast to 3%-4%. This revision caused a 14% drop in Accenture's stock, as the company flagged future concerns regarding Middle East disruptions and delayed service deals.
Accenture flagged a wider Q4 guidance range due to Middle East disruptions and delayed services deals despite aggressive AI investments.
Read the full storyAccenture stock dropped 14% after lowering its annual revenue growth forecast to 3%-4%, despite beating earnings per share estimates.
Accenture reported a Q3 EPS beat of $3.80, while Kroger posted robust Q1 revenue of $46.1 billion, exceeding market expectations.