Intuit Stock News

In collaboration with national nonprofit Education at Work, Intuit connects college students with work opportunities in Tax and Accounting to gain experience and help pay for college   TEMPE, Ariz. , Aug. 28, 2024 /PRNewswire/ -- Education at Work, a national work-based learning non-profit, in collaboration with Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Int...

Tech investors have continued to focus on the growth potential artificial intelligence provides.

On a day when stocks rallied on expectations of lower interest rates, Intuit Inc. NASDAQ: INTU was the biggest loser on the S&P 500. Shares of the financial services company known for the QuickBooks and TurboTax brands were down 6.8%.

Intuit (INTU) is the S&P 500's worst performer Friday, a day after the company reported a surprise fourth-quarter loss and a soft profit outlook.

Intuit stock fell as investors focused on the company's current-quarter guidance, which missed views because of an accounting change.

For Q4, Intuit beat its revenue guidance, reporting $3.184 billion. One-time restructuring charges led to a GAAP operating loss of $151 million.

The owner of Turbo Tax reports fiscal fourth-quarter adjusted earnings of $1.99 a share, beating Wall Street estimates of $1.85.

Intuit Inc. NASDAQ: INTU is the financial technology powerhouse behind TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company continues to demonstrate its dominance in the market with the release of Intuit's earnings report for the fourth quarter and full year of 2024.