Intuit's Stock Drops as Its Outlook Disappoints
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Intuit's stock fell despite beating fiscal first-quarter expectations due to a disappointing current-quarter forecast.
November 21, 2024 | 10:30 pm
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Intuit's stock fell in extended trading as the company's current-quarter forecast disappointed investors, despite beating fiscal first-quarter expectations.
The drop in Intuit's stock price is attributed to the company's disappointing forecast for the current quarter, which overshadowed its better-than-expected fiscal first-quarter results. This suggests that investors are more concerned about future performance than past results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100