Intuit Shares Drop Despite Q3 Earnings Beat Due to TurboTax Outlook
Despite Intuit reporting better-than-expected third-quarter results with revenue and earnings above forecasts, its shares fell sharply due to concerns over a weaker long-term outlook for TurboTax. The company also announced plans to cut approximately 17% of its workforce.
Tickers: $INTU
Topics: earnings stock price drop TurboTax performance workforce reduction