Intuit shares fall on soft second quarter guidance
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Intuit Inc's shares fell over 5% after the company projected fiscal second quarter revenue and profit below Wall Street estimates. The company expects revenue between $3.81 billion and $3.85 billion, missing the expected $3.87 billion.
November 21, 2024 | 9:45 pm
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Intuit's shares fell over 5% due to lower-than-expected fiscal second quarter revenue and profit guidance. The company projected revenue between $3.81 billion and $3.85 billion, below the $3.87 billion expected by analysts.
The stock price of Intuit is likely to decline in the short term due to the company's guidance for fiscal Q2 revenue and profit being below Wall Street estimates. This negative outlook has already resulted in a 5% drop in share price after hours.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100