Accenture (ACN) Faces Margin and Forecast Pressures

about 1 month ago

Nor Melinda

"Well, there was a big selection to choose from, but I'm looking at shares of Asenture that is ticker ACN. We're seeing shares lower down about 1% right now as we speak. This is after the company gave a second quarter revenue forecast with a midpoint that fell below what analysts had expected. The analysts over there saying that they do think that the company put up respectable numbers, but they say that the company is often grouped in the AI losers basket amid fears that its model will be disrupted by new technologies. So, we are seeing shares a touch lower and it hasn't really been a pretty year for the company. Shares down about 23% so far this year."

The speaker highlights that Accenture (ACN) is under pressure after a disappointing Q2 forecast and is being grouped with AI losers, which has contributed to a roughly 23% decline in its share price year-to-date.

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