INTU Jun 2024 350.000 put
- Yahoo Finance Video
Ether ETF approved, Live Nation antitrust suit: Morning Brief
After an eventful week compounded by Nvidia's (NVDA) fiscal first-quarter earnings, the major market averages (^DJI, ^IXIC, ^GSPC) are hoping to end the week on a high note and claw back some gains ahead of the Memorial Day Weekend. Morning Brief Hosts Seana Smith and Brad Smith walk investors through the top stories moving stocks in Friday's trading day, kicking off the session with Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner who compares the market sway of Nvidia's latest earnings to that of inflation data or the Federal Reserve's monetary policy. The Securities and Exchange Commission (SEC) approved ether ETF offerings on Thursday, leading Bloomberg Intelligence ETF Research Analyst James Seyffart to believe ethereum-exposed (ETH-USD) products will have similar success to the spot bitcoin ETFs (BTC-USD) rolled out at the start of 2024, just not on the same scale. Other top trending stories include the latest in the Department of Justice's (DOJ) antitrust suit against concert promoter and ticket seller Live Nation (LYV) and Charter Communications' (CHTR) content distribution deal with Paramount Global (PARA). This post was written by Luke Carberry Mogan.
- 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.
- Barrons.com
TurboTax’s Intuit Is the Worst S&P 500’s Worst Performer Friday. Analysts Still Like the Stock.
Intuit expects the number of free TurboTax customers to be around 10 million for the full fiscal year.
