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Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
InvestorsHub126d agobearish
Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)

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 (INTU) Q3 2026 Earnings Transcript
Motley Fool127d agoneutral
Intuit (INTU) Q3 2026 Earnings Transcript

At this time, I would like to welcome everyone to Intuit's Third Quarter Fiscal Year 26 Conference Call. With that, I will now turn the call over to Anne-Sophie Seigneurbieux, Intuit's Senior Vice President of Investor Relations. There are a number of factors that could cause Intuit's results to differ materially from our expectations.

Intuit Q3 Earnings Call Highlights
MarketBeat127d agoneutral
Intuit Q3 Earnings Call Highlights

Intuit (NASDAQ:INTU) reported fiscal third-quarter revenue growth of 10% and raised its full-year outlook, while management outlined plans to reduce the company’s full-time workforce by 17% and adjust its approach to lower-income, price-sensitive tax filers. Chairman and CEO Sasan Goodarzi said the

Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI
Barrons.com127d agobearish
Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.

Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos
Bloomberg127d agobullish
Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona