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Adobe named an internal successor days before a scheduled earnings report, and investors are not treating the timing as a coincidence. The question hanging over the stock is whether the new CEO can answer what the AI era actually means for the company's core business.
Intuit stock has fallen nearly 48% this year after soft fiscal 2027 guidance, but mid-market growth, AI adoption, and heavy share buybacks point to a strategic reset rather than a broken business.
Investing.com -- Wall Street banks downgraded Intuit shares to Neutral on Wednesday, flagging a weaker growth outlook and signs that competitive pressures are spreading beyond the company’s TurboTax tax-filing business.
Intuit (NASDAQ:INTU) shares dropped sharply in premarket trading on Wednesday after the financial software company issued fiscal 2027 guidance below Wall Street expectations as it adjusts its strategy to “accelerate customer growth, increase market share, and strengthen the long-term durability” of its growth model. The stock was down 11.
(Updates with the stock move in the headline and the first paragraph.) Intuit (INTU) shares were
Intuit Inc (NASDAQ:INTU, XETRA:ITU), the US financial software company behind TurboTax, QuickBooks, Credit Karma and Mailchimp, beat expectations for its fourth quarter and then watched its shares fall sharply in extended trading. The stock dropped $36.58, or 10.23%, to $320.88 after hours,...
Financial technology platform Intuit (NASDAQ:INTU) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 13.7% year on year to $4.35 billion. On the other hand, next quarter’s revenue guidance of $4.31 billion was less impressive, coming in 1.3% below analysts’ estimates. Its GAAP profit of $1.34 per share was 75.1% above analysts’ consensus estimates.
The second quarter earnings season is nearly complete, with Nvidia’s (NVDA) Q2 results on Wednesday serving as a keystone to a remarkably strong stretch of corporate reports.
Investing.com -- The post-earnings share price decline for one major software name has been excessive given the limited nature of the miss, Jefferies told investors in a note Thursday, arguing that the stock's valuation has fallen to levels not seen since the 2008 global financial crisis.
Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending the stock down more than 13% in premarket trading on Thursday.
Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.
June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.
Investors will get highly anticipated quarterly results from Nvidia (NVDA) on Wednesday in what's expected to be the marquee earnings event of the week.
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