Deutsche Bank Cuts Price Target on Accenture (ACN) Following 1Q Earnings Report
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December 21, 2016 7:17 AM EST
By Noel Randewich
(Reuters) - U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs.
The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent most of the session at a loss.
U.S. stocks have rallied since the Nov. 8 election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that President-elect Donald Trump's plans for deregulation and infrastructure spending will boost the economy.
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December 21, 2016 7:00 AM EST
Accenture (NYSE: ACN) reported Q1 EPS of $1.58, $0.09 better than the analyst estimate of $1.49. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.59 billion.
GUIDANCE:
Accenture sees FY2017 EPS of $5.64-$5.87, versus prior guidance of $5.75-$5.98 and... More
