Accenture PLC ACN, -1.32 % shares fell 2.3% to a fourth consecutive loss after the management consultancy reported fiscal third quarter results that exceeded expectations but gave a slightly downbeat outlook for revenue. The net income for the quarter ended May 31 rose to $2.01billion, or $3.15 per share, compared to $1.79billion, or $2.79 per share, during the previous period. Earnings per share adjusted to $3.19, excluding nonrecurring items and compared with the FactSet consensus estimate of $3.01, was $3.19. The company’s revenue grew by 2.6%, to $16.56 Billion, exceeding the FactSet consensus estimate of $16.49 Billion. Consulting revenue decreased 4%, to $8.69 Billion, while managed services revenue grew 10%, to $7.87Billion. The company’s forecast for the fourth quarter is $15.75 to $16.35 Billion, which is lower than the FactSet consensus estimate of $16.32 Billion. It also reduced its revenue growth forecast to 8%-9%, from 8%-10%, in fiscal 2023. The company also raised its adjusted full-year EPS guidance to $11.52 – $11.63 from the previous range of $11.41 – $11.63. The stock has risen 23.7% in the last three months, while the S&P500 SPX is up 10.9%.