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Accenture Stock Drops as Earnings Outlook Misses Expectations

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Accenture posts fiscal fourth-quarter earnings of $2.71 a share on revenue of $15.99 billion.

Accenture stock fell Thursday after the management consultant and tech company reported fourth-quarter revenue that missed Wall Street estimates and provided earnings guidance below consensus.

Accenture also said new bookings for the quarter were $16.6 billion, a decrease of 10% from the same period last year.

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