Accenture gains after increasing share repurchase plan by $2 bln
Tue 12:32
BUZZ-Accenture gains after increasing share repurchase plan by $2 bln ** Shares of IT consulting firm Accenture ACN.N rise 1.4% to $126.6 premarket
** Co increases its FY2026 share repurchase program by $2 billion to $7.5 billion
** Co expects fourth-quarter share repurchases of $2.3 billion, including the newly announced $2 billion program
** Co last week forecast Q4 revenue between $17.75 bln and $18.4 bln, below analysts' average estimate of $18.47 bln, according to data compiled by LSEG
** Up to last close, the stock was down about 54% YTD
(Reporting by Anzar Mehraj in Bengaluru)
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