Shares of Accenture plc (ACN) are gaining over 6% on Thursday morning after reporting its third-quarter results and revising outlook.
ACN is currently trading at $303.09, up $17.74 or 6.22%, on the NYSE. The stock opened its trading at $285.31 after closing Tuesday at $285.35. The stock has traded between $278.69 and $387.51 in the past 52-week period.
Revenues for the third quarter were $16.47 billion, compared with $16.56 billion last year. Net income was $1.93 billion or $3.04 per share, compared to $2.01 billion or $3.15 per share last year. Adjusted EPS were $3.13, a decrease of 2% from $3.19 for the third quarter of fiscal 2023.
Analysts expected earnings of $3.15 per share and revenues of $16.53 billion.
Looking forward to the fourth quarter, Accenture expects revenues of $16.05 billion to $16.65 billion.
For fiscal 2024, the company now expects revenue growth to be in the range of 1.5% to 2.5% in local currency, compared to 1% to 3% previously.
The company now expects earnings per share to be in the range of $11.29 to $11.44, compared to $11.41 to $11.64 previously; and adjusted EPS to be in the range of $11.85 to $12.00, compared to $11.97 to $12.20 previously, an increase of 2% to 3% over fiscal 2023.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.