NEW YORK (TheStreet) -- Shares of Accenture (ACN) are down -1.47% to $81.84 in mid-afternoon trading on Thursday after the company cut its 2014 full-year earnings expectations as a result of margins coming under pressure, Reuters reports.
The consulting and outsourcing services provider said it expects earnings in the range of $4.50 to $4.54 a share, compared to its previous guidance of $4.50 to $4.62 a share.
Accenture expects full-year operating margins to be at the low end of its previous 14.3% to 14.5% forecast.
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However, the company reported third-quarter diluted earnings per share of $1.26, compared to $1.21 from the 2013 third quarter.
Revenue for the most recent quarter increased 7% over the previous year to $7.74 billion.
Separately, TheStreet Ratings team rates ACCENTURE PLC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACCENTURE PLC (ACN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."