Intuit's stock fell approximately 2.5% in after-hours trading following a disappointing fiscal third-quarter profit forecast, as the company anticipates lower-than-expected profits due to increased marketing expenditures during the U.S. tax season. Despite this setback, Intuit reported a strong Q2 revenue of $4.65 billion—a 17% year-over-year increase—and has integrated USD Coin into its products, strengthening its payment solutions through collaborations with Circle and Anthropic. Analysts remain cautiously optimistic, with Oppenheimer maintaining an Outperform rating amid ongoing scrutiny over perceived threats from AI competitors.
“Intuit · returned since Jan. 29 · 29.2% · negative”
“Intuit (INTU) stock · fell · about 2.5% · in after-hours trading”
“Intuit · embedded · USD Coin into its top financial products · to settle their payments and refunds”
“Visa and Intuit · launched programs to integrate · Circle's USD Coin payments · into their ecosystems”
“Intuit · is embedding · USDC and Circle's stablecoin infrastructure · into its financial products”
“Intuit · is up · percentage · +12%”
“Intuit · saw shares slide · 2.9%”
“Intuit called for fiscal third-quarter adjusted earnings · to range from · $12.45 to $12.51 per share”
“Intuit · reaffirmed · its full-year outlook · which missed Wall Street's estimates”
“Intuit (INTU) · stock fell · about 2.5% in after-hours trading · due to disappointing fiscal third quarter profit forecast”
“Intuit · expects profit · below estimates · on higher marketing spend during US tax season”
“Intuit (INTU) stock · fell · about 2.5% · in after-hours trading”
