Why Intuit Stock Dropped Today
Intuit stock is on sale today, but the sale price won't last long.
Overview
Intuit (NASDAQ: INTU) stock fell 4% through 10:50 a.m. ET Wednesday despite reporting strong Q4 and full-year fiscal 2026 earnings last night.
Analysts expected Intuit to earn $3.59 per share for fiscal Q4 on sales under $4.3 billion. In fact, Intuit earned $4.03 per share (adjusted for one-time items) on sales over $4.3 billion. Guidance, however, was weaker than expected -- sparking a sell-off.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.