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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.
Stock futures were heading for a negative open early Wednesday ahead of crunch earnings from chip maker Nvidia that will give a steer on artificial intelligence spending—a major headache for markets. Nvidia will report after trading closes today.
(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,...
The manufacturer of printed circuit boards and radio frequency components reported a notable insider stock sale amid a 155% one-year return.
Global shares mostly rose Wednesday as investors kept an eye on talks over reopening the Strait of Hormuz, which remains largely closed because of the war in Iran. The global interest in artificial intelligence supported buying of tech shares, but markets have generally moved in a narrow range ahead of Nvidia’s release of its earnings report later in the day. Falling crude prices also brightened investor sentiment in oil-importing nations like Japan, which imports virtually all its oil.
The laser manufacturer reported a notable insider sale amid a fall in the stock price.
Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to
Asian stocks edged higher Wednesday as oil prices extended a decline on receding concerns about another military flare-up between the United States and Iran, while traders were also nervously awaiting Nvidia's earnings and key US inflation data.However, analysts said the simmering US-Canada trade row was causing some uncertainty, while the big event on the agenda this week is Nvidia's second-quarter earnings on Wednesday.
The coffee giant is also stepping up operations in a Southern U.S. city.
Nvidia's stock has a dubious post-earnings track record, fueled by investors' lofty expectations.
Walmart stock slipped after its Q2 miss. Can its growth justify a sky-high valuation that touches the likes of Nvidia?
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.
Intuit stock is falling about 7% in late trading. Investors are souring on the software company after it guided for growth to slow this fiscal year, forecasting revenue up 9% to 10%, compared with 14% growth in the latest year.
The software remedy may contain repair costs, but the recall reaches far beyond one quarter of deliveries.
Zoom’s multibillion-dollar stake in Anthropic will be investors’ key focus when the video-calling platform reports earnings on Tuesday afternoon.
By Tharuniyaa Lakshmi and Utkarsh Hathi Aug 25 (Reuters) - European shares rose on Tuesday as investors took comfort from a softer-than-feared U.S. sanctions package on Iran and falling oil prices,
NVIDIA heads into its August 26 earnings report with Wall Street almost certain it will beat, yet the stock has dropped sharply all week. That contradiction tells long-term investors something important about what to do next.
August hasn’t been kind to Walmart investors.
Chamath Palihapitiya sees three converging forces that could choke off the AI infrastructure boom, and the companies with the most to lose are not the ones you might expect.
Treasury yields fall alongside oil prices as the U.S. increases sanctions on Iran. Crude futures fall 3% and Brent trades below $90. The WSJ Dollar Index gives away overnight gains and is flat, while Bitcoin briefly jumps above $80,000, amid growing concerns that Washington will tolerate high inflation and expanding fiscal deficits.
On this episode of Stock Movers: - Dick's Sporting Goods (DKS) shares are plummeting as it lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit. - Apple (AAPL) shares are slightly lower as the tech giant is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter. - SpaceX (SPCX) shares are higher in the premarket as Elon Musk says SpaceX's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit "significant scale" in 2028.
Lucid Stock Falls With Growth Stocks. Its Saudi Factory and Cost Cuts Are in Focus
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.
Is Walmart stock a Buy or Hold?
By Rae Wee SINGAPORE, Aug 25 (Reuters) - Asia shares slipped on Tuesday while oil prices extended losses, after threats from the U.S. for an "economic D-Day" of sanctions on Iran turned out to be a
Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy.
Over 4 million vehicles are being recalled.
The chain might have to spend considerably more to produce the kind of sales growth it delivered in the past, Baird says.
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