The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Accenture and Kroger shares hit multi-year lows following disappointing earnings reports, while Intuit shares plummeted after a rating downgrade. Accenture's stock fell approximately 18% after reporting fiscal Q3 revenue of $18.7 billion and issuing a cautious full-year growth outlook of 3%–4%. The company's decision to cut its annual revenue forecast triggered a sharp sell-off that negatively impacted stocks across the IT sector.