Accenture forecast takes hit from Iran war, shares tumble over 17%
Accenture stock fell after the company issued quarterly sales forecasts that missed market expectations. The decline follows a $400 million hit to Middle East business in the third quarter due to the Iran war. Reports on the exact percentage of the share price drop vary between 17% and 18%.
What changed
New reports provide a conflicting figure for the stock decline, with one source citing a drop of 18.0%.
Live updates
-
Accenture Shares Drop as Iran War Impacts Forecasts
confidence 90%Accenture stock fell after the company issued quarterly sales forecasts that missed market expectations. The decline follows a $400 million hit to Middle East business in the third quarter due to the Iran war. Reports on the exact percentage of the share price drop vary between 17% and 18%.
What's confirmed:
- Accenture shares fell after the company forecast quarterly sales below market expectations.
- The Iran war caused a $400 million hit to the company's Middle East business in the third quarter.
Still unconfirmed:
- Accenture stock fell 18.0% in its latest session.
- Indirect impacts of the war began in the last few weeks.
-
Accenture Shares Drop Over 17% Following Iran War Impact
confidence 100%Accenture shares fell more than 17% after the company issued quarterly sales forecasts below Wall Street estimates. The Iran war caused a $400 million hit to its Middle East business in the third quarter. CEO Julie Sweet noted that indirect impacts began in the last few weeks.
What's confirmed:
- Accenture shares fell more than 17% after quarterly sales forecasts came in below Wall Street estimates.
- The Iran war resulted in a $400 million hit to Accenture's Middle East business during the third quarter.
- The company announced $4.18 billion in cybersecurity deals.
- The conflict sparked an industry selloff.
- CEO Julie Sweet stated that the indirect impact really started in the last few weeks.
- Accenture warned of more impact in the fourth quarter.
-
Accenture shares plunge as Iran war impacts revenue outlook
confidence 100%Accenture shares fell more than 17% after the company lowered its fiscal 2026 revenue growth forecast. The company recorded a $400 million loss in its Middle East operations attributed to the Iran war. Investors reacted negatively to the guidance despite a third quarter earnings beat.
What's confirmed:
- Accenture shares dropped over 17% following a lowered fiscal 2026 revenue growth outlook.
- The company reported a $400 million loss in its Middle East business due to the Iran war.
- Accenture beat earnings expectations in the third quarter.
-
Accenture Shares Hit 2017 Low After Iran War Impacts Forecast
confidence 90%Accenture shares dropped over 17% following a lowered fiscal 2026 revenue growth outlook. The company reported a $400 million loss in its Middle East business due to the Iran war. Despite an earnings beat in the third quarter, investors reacted to the weakened guidance.
What's confirmed:
- Accenture shares fell to their lowest level since 2017.
- The company lowered its fiscal 2026 revenue growth outlook.
- Third-quarter revenue increased 6% and EPS rose 9% year over year.
- Shares tumbled more than 17% following the update.
Still unconfirmed:
- The Iran war caused a $400 million hit to the Middle East business in the third quarter.
- Accenture warns of more impact in the fourth quarter from the conflict.
- The Sensex tumbled over 831 points following the Accenture news.