Intuit's Stock Drops as Its Outlook Disappoints [Yahoo! Finance]
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Source: Yahoo! Finance
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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- Sam Altman has an idea to get AI to ‘love humanity,' use it to poll billions of people about their value systems [Yahoo! Finance]Yahoo! Finance
- Marjorie Taylor Greene to work with Musk's new government efficiency panel [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Sam Altman has an idea to get AI to ‘love humanity,' use it to poll billions of people about their value systems [Fortune]Fortune
- Elon Musk and Jeff Bezos Exchange Posts About Trump on X [The New York Times]The New York Times
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
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