INTU Jun 2024 460.000 call
- Yahoo Finance Video
Intuit stock falls on Q4 guidance, drop in TurboTax free users
Intuit (INTU), the company behind TurboTax and Credit Karma, reported fiscal third quarter results that topped Wall Street estimates on both the top and bottom lines. For the full year, Intuit raised its revenue forecast and issued better-than-expected earnings guidance. However, its earnings outlook for the fourth quarter fell short of analyst expectations, with the company expecting adjusted earnings per share of $1.80 to $1.85 versus an estimate of $1.93. Intuit also reported that its TurboTax unit lost about one million free users, which raises concerns about what increased competition for those users could mean for the company. In the video above, Yahoo Finance's Brad Smith and Seana Smith discuss Intuit's latest quarterly report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
Stocks look to rebound, SEC paves way for Ether ETF: Yahoo Finance
Wall Street is searching for a bounce back today after the Dow (^DJI) suffered its worst trading day in over a year. The major indices (^DJI, ^IXIC, ^GSPC) all closed lower yesterday, with the Dow dropping over 600 points. Boeing (BA) was a major drag on the market, falling over 7% following comments from the company's CFO, who said he expected the company to burn cash this year. In crypto, the SEC has paved the way for ether ETFs after approving a rule change. ethereum (ETH-USD) has seen a significant jump in the last week in anticipation of the move. Yahoo Finance trending tickers include Workday (WDAY), Intuit (INTU), and bitcoin (BTC-USD). Key guests include:9 a.m. ET - Keith Lerner, Truist Co-Chief Investment Officer & Chief Market Strategist10 a.m. ET - Andrew Hollenhorst, Citi Chief US Economist10:30 a.m. ET - Jake DeWitte, Oklo Co-Founder & CEO11:15 a.m. ET - Mary Hines Droesch, Bank of America Head of Products for Consumer, Business and Wealth Management Banking and Lending
- Bloomberg
Intuit's TurboTax Lost 1 Million Free Users This Tax Season
(Bloomberg) -- Intuit Inc. shares slid by the most in more than a year after the company reported losing 1 million customers who use its TurboTax service for free, stoking concerns about demand for the software. Most Read from BloombergSingapore Air Changes Seatbelt Rules After Fatal TurbulenceSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationNvidia Stock Surges as Sales Forecast Delivers on AI HopesChina’s $538 Billion Deposit Exodus Supercharges Rally in BondsThe Rise and Fall of Simo
