US stocks unusual movement | Q4 revenue guidance lower than expected, Accenture (ACN.US) opens with a sharp drop of over 17%
According to the Securities Times app, on Thursday, Accenture (ACN.US) opened sharply with a drop of over 17%, marking the largest single-day drop in history with a decline of over 50% for the year. In terms of news, according to performance statements, Accenture's new signed orders for the quarter ending May 31 totaled $19.3 billion, compared to $19.7 billion in the same period last year. The company's total revenue for the third quarter increased by $1 billion year-on-year to $18.7 billion, slightly below Wall Street's consensus estimate of $18.76 billion. The company also stated that its diluted earnings per share increased by 9% year-on-year to $3.80, slightly higher than the consensus expectations of Wall Street analysts. Operating profit margin expanded by 20 basis points to 17.0%, and the latest quarter's free cash flow was $3.6 billion.
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