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The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.20%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR
INTU tops Q3 estimates as TurboTax, Credit Karma and QuickBooks Online fuel growth, prompting higher fiscal 2026 guidance.
Intuit (INTU) could face near-term pressure from softer TurboTax growth and AI concerns, but stronge
CFO Sandeep Aujla says Intuit is flattening management layers and reorganizing around AI, speed, and long-term growth.
Intuit (INTU) CFO Sandeep Aujla joins Market Catalysts to discuss the company's latest job cuts and Q3 earnings results.
Eagle Capital Management, an investment management company, released its first quarter 2026 investor letter. A copy of the letter is available to download here. The letter notes that individual stocks and subsectors are now more reactive to sentiments, reducing market efficiency but creating opportunities to add value. Over the last decade, multi-asset managers, or pods, […]
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 Inc (NASDAQ:INTU, XETRA:ITU) shares opened about 19% lower on Thursday despite the company posting fiscal third quarter results that topped Wall Street expectations, as investors focused on a weaker long-term outlook for TurboTax and plans to cut roughly 17% of its workforce. The...
Intuit (INTU) stock currently trades at $332 in extended trading, representing a roughly 60% decline from its 52-week high of $813. Based on management's raised FY26 non-GAAP EPS guidance of $23.80 to $23.85, the stock now trades at approximately 14 times forward earnings. This multiple is a severe compression compared to its four-year historical average of over 30x. The market valuation currently reflects severe pessimism, pricing in worst-case scenarios and fixating heavily on DIY tax weakness
News of the day for May 21, 2026
The direction for US stocks on Thursday was constantly shifting ahead of the opening bell, as overnight optimism over US-Iran negotiations and another blockbuster quarter for Nvidia were not enough to set a clear path. Futures pointed down in the early hours, turned green and then back to...
Wall Street futures pointed moderately lower pre-bell Thursday as traders again weighed the odds of
Intuit (INTU) lifted its full-year outlook and reported fiscal third-quarter results above Wall Stre
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 (NasdaqGS:INTU) is cutting about 3,000 roles, or 17% of its global workforce, as part of a broad restructuring focused on artificial intelligence. The company is closing certain offices and reshaping its operating model while highlighting new AI driven features such as QuickBooks Workforce and Enterprise Suite updates. The restructuring was announced alongside strong Q3 results and a raised full year outlook. For you as an investor, this move sits at the intersection of software,...
🔎 Nvidia (NVDA): The chip giant reported record sales and income that beat analyst expectations, driven by demand for data-center computing and the rise of AI agents. Shares flitted between small gains and losses premarket.
Intuit Inc. (NASDAQ:INTU) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Intuit Inc. (NASDAQ:INTU) confirmed it has enhanced its Intuit Enterprise Suite with the inclusion of multi-entity close automation, dimensional reporting capabilities, and construction industry features. The suite will also come with an integrated Human Capital Management solution. […]
Intuit Inc (INTU) reports a 10% revenue increase and raises full-year guidance, while addressing challenges with a 17% workforce reduction and strategic focus on AI-driven platforms.
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