Intuit’s Financial Outlook Dampens Investor Enthusiasm #

Intuit experienced a decline in stock value after announcing a weaker-than-expected financial forecast for the upcoming quarter. From November to January, the company projected revenue of up to $3.85 billion and adjusted earnings of a maximum of $2.61 per share. These projections were lower than what analysts anticipated.

In its fiscal first quarter, which ended on October 31, Intuit reported earnings of $197 million, with total revenue reaching $3.28 billion. This financial performance report was disclosed late Thursday, influencing market reactions.