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On a day when stocks rallied on expectations of lower interest rates, Intuit Inc. NASDAQ: INTU was the biggest loser on the S&P 500. Shares of the financial services company known for the QuickBooks and TurboTax brands were down 6.8%.
Intuit (INTU) is the S&P 500's worst performer Friday, a day after the company reported a surprise fourth-quarter loss and a soft profit outlook.
Intuit stock fell as investors focused on the company's current-quarter guidance, which missed views because of an accounting change.
Shares of Intuit Inc INTU were dipping on Friday, even after the company reported upbeat quarterly results.
The owner of Turbo Tax reports fiscal fourth-quarter adjusted earnings of $1.99 a share, beating Wall Street estimates of $1.85.
Intuit's (INTU) fiscal fourth-quarter results reflect strength in the Online Ecosystem and Consumer Group business segments.
Intuit Inc. NASDAQ: INTU is the financial technology powerhouse behind TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company continues to demonstrate its dominance in the market with the release of Intuit's earnings report for the fourth quarter and full year of 2024.
Intuit INTU reported better-than-expected fourth-quarter financial results and issued FY25 EPS guidance above estimates on Thursday. Also, the company approved a new $3 billion repurchase authorization.
Tax-preparation software provider Intuit Inc. on Thursday forecast profit and sales for the fiscal year ahead that were above Wall Street's expectations, although its first-quarter outlook came up short, as it tries to prepare for a world of AI-driven financial assistance.
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