INTU Weak Guidance, NTAP "Outgrowing" Market, Tencent Sheds RDDT Stake
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Intuit (INTU) shares declined following weak guidance, while the CEO dismissed concerns about a potential free tax-filing app from the Trump administration.
November 22, 2024 | 3:30 pm
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NEGATIVE IMPACT
Intuit's stock declined due to weak guidance, and the CEO downplayed the threat of a free tax-filing app from the Trump administration.
The weak guidance directly impacts investor sentiment negatively, leading to a decline in stock price. The CEO's dismissal of potential competition may not alleviate investor concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100