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IBM stock is having one of its worst days ever – and is dragging some other names in software and IT along with it. Shares of software and professional-services firms including Accenture, Gartner, Workday and ServiceNow were all trading lower Tuesday morning.
Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.
IBM reports earnings on July 22 and the setup heading into that date combines a dividend streak most tech stocks cannot touch with an AI angle Wall Street has barely started to price in.
(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO
FactSet beats Q3'26 earnings and revenue estimates as organic growth, ASV gains, client demand and stronger cash flow offset margin pressure.
The cigarette maker plans to cut about 5,500 jobs by the end of the year, on top of around 3,500 roles that it moved to outsourcing partners including Accenture.
Strategic federal moves to take direct equity stakes in public quantum developers cement high-performance computing as an urgent national security priority.
Accenture flags a wider Q4 range as Middle East disruption and delayed services deals test its AI-led reinvention push.
Accenture's (ACN) fiscal Q3 earnings per share beat and capital return were offset by weaker-than-ex
Accenture stock sank on Q3 revenue miss and disappointing future guidance. But the options market cautions against buying the post-earnings dip in ACN shares.
Investing.com -- TD Cowen downgraded shares of Accenture to Hold from Buy and slashed its price target to $150 from $258, arguing that a near-term recovery has become increasingly difficult as growth expectations weaken and investor sentiment toward the consulting giant deteriorates.
Pre-Market Stock Futures: Futures are trading mixed as we prepare to finish the last full week of the second quarter. We finished a wild holiday-shortened trading week last Thursday, as Friday was the federal Juneteenth holiday, and all major indices rebounded smartly from the Federal Reserve-induced sell-off on Wednesday. Details of the signed memorandum of ... Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Laud
PAYX is set to post Q4'26 results, with revenues and earnings expected to rise on segment growth, pricing gains and margin expansion.
India's Nifty IT index slumped 5.6% on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business. Shares of Indian IT companies, including Tata Consultancy Services, Infosys, and HCL Tech fell between 5% and 8%. India's $315 billion IT sector has faced investor concerns that AI could disrupt its traditional, labour-intensive business model.
BENGALURU, June 19 (Reuters) - India's Nifty IT index slumped 5.8% on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the upper end of its
June 19 (Reuters) - Indian shares are set to open lower on Friday, snapping a five-session winning streak, as renewed concerns over Middle East tensions and a weak read-through from Accenture's
Progress toward a peace deal with Iran outweighed hawkish undertones from Fed Chair Kevin Warsh. Plus, the Knicks’ market impact.
Accenture PLC (ACN) reports a 6% revenue increase and 9% EPS growth, while navigating geopolitical impacts and macroeconomic uncertainties.
The consulting firm now expects full-year revenue growth of 3% to 4%, down from a prior forecast of 3% to 5%, citing weakness in its U.S. federal business
Consulting giant forecasts $17.75 billion to $18.4 billion in quarterly revenue as bookings decline 2%.
(Updates with latest stock price movement in the headline and the first paragraph, along with revenu
Find insight on Accenture, Informa, Anthropic and more in the latest Market Talks covering technology, media and telecom.
Accenture stock is plunging today in a decline that would be its worst on record if it holds through market close. The professional services firm warned Thursday that it could bring in less revenue than expected, dogged by turmoil in the Middle East and investor worries about its AI future.
Shares fall 17% as CEO says the IT consulting firm will bring in less revenue than expected in the coming months
Investing.com - U.S. stock futures ticked higher on Thursday, as the signing of an interim Middle East peace deal helped ease concerns sparked by the Federal Reserve’s hawkish policy outlook.
For Q3, revenue came in at $18.72 billion, up 6% from last year but below the Koyfin consensus estimate of $18.75 billion.
Accenture (ACN) delivered earnings and revenue surprises of +2.66% and -0.37%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
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