New Delhi, June 18 -- Global consulting giant Accenture saw its shares plunge 19% during intraday trading on the NYSE on 18 June, falling to $126.50, after the IT services company issued a fourth-quarter revenue forecast that fell short of Wall Street expectations.

The decline marked the stock's second consecutive day of losses, dragging it to its lowest level since August 2017. The company said the Middle East conflict weighed on its performance during the third quarter and expects the weakness to persist in the current quarter, with several large deals being pushed back to 2027.

The consulting company expects revenue of $17.75 billion to $18.40 billion in the ongoing quarter, below the $18.47 billion forecast by analysts surveyed by B...