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Intuit's Stock Drops as Its Outlook Disappoints [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
The TurboTax and Credit Karma parent saw first-quarter revenue grow 10% to $3.3 billion, above the analyst consensus from Visible Alpha. Net income of $197 million or 70 cents per share declined from $241 million or 85 cents per share in the year-ago quarter, but topped analysts' projections. Looking ahead, Intuit said it expects second-quarter revenue revenue of $3.81 billion to $3.85 billion, below the analyst consensus. The company projected earnings per share (EPS) of 84 cents to 90 cents, also short of the $1.50 analysts anticipated. For the full-year, the company maintained its full-year EPS forecast of $12.34 to $12.54. Shares of Intuit fell 6% in extended trading following the release. They were up close to 9% for 2024 through Thursday's close. The drop comes after Intuit's stock took a hit earlier in the week on concerns the tax prep company could face more competition following reports leaders of President-elect Donald Trump's new Department of Government Efficiency (
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