Intuit drops as quarterly forecast misses estimates due to revenue getting delayed
Portfolio Pulse from
Intuit's fiscal first-quarter results exceeded expectations, but the company forecasts a weaker current quarter due to delayed revenue from promotional changes. Despite this, Intuit reaffirmed its full-year outlook.
November 21, 2024 | 9:30 pm
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NEGATIVE IMPACT
Intuit's Q1 results were strong, but the company forecasts a weaker current quarter due to delayed revenue from promotional changes. Full-year guidance remains unchanged.
Intuit's strong Q1 results are overshadowed by a weaker forecast for the current quarter due to revenue delays from promotional changes. This could lead to short-term negative sentiment among investors, despite the reaffirmed full-year outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100