Intuit (INTU) issues guidance following U.S. tax season, stock falls

NASDAQ: INTU | Intuit Inc. News, Ratings, and Charts

INTU – Intuit Inc. INTU, -5.25% stock fell roughly 5% in after-hours trading Thursday.

Intuit Inc. INTU, -5.25% stock fell roughly 5% in after-hours trading Thursday after the company issued guidance following U.S. tax season. Intuit said it now expects fiscal full-year revenue for its consumer group, which includes several of its popular tax preparation software products, to grow about 10%, which is the high end of its previous range of 9% to 10% growth. TurboTax online unit sales increased 7%, while its desktop offering dropped 3% resulting in overall growth of 5% for TurboTax units, the company said. Intuit is set to report fiscal third-quarter results May 23. Intuit stock has gained 50% in the past year, as the S&P 500 indexSPX, -0.04% rose 10.9%.

Intuit Inc. shares fell $13.84 (-5.25%) in after-hours trading Thursday. Year-to-date, INTU has gained 34.58%, versus a 17.09% rise in the benchmark S&P 500 index during the same period.

INTU currently has a POWR Rating of A (Strong Buy), and is ranked #5 of 39 stocks in the Consumer Financial Services category.

This article is brought to you courtesy of MarketWatch.

9 "Must Own" Growth Stocks For 2019

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from!

Top Stories on

NYSE: DIS | Walt Disney Company (The) Common Stock News, Ratings, and Charts

Disney's (DIS) new live-action film, Aladdin, expected to make $80 million this weekend

The live-action “Aladdin” film starring Will Smith is expected to lead the box office over the Memorial Day holiday weekend.
NYSE: SQ | Square, Inc. Class A Common Stock News, Ratings, and Charts

Is Square (SQ) stock a good buy at this price level?

SQ stock now trades for just $65.
NYSE: F | Ford Motor Company Common Stock News, Ratings, and Charts

Is it possible Ford (F) would buy Tesla (TSLA)

Making a deal work would be a challenge.
NASDAQ: CVCO | Cavco Industries, Inc. News, Ratings, and Charts

Best & Worst Performing Stock Industries for May 24, 2019

Led by ticker CVCO, "Homebuilders" was our best performing stock industry of the day, with a 2.60% gain.
NYSE: EMES | Emerge Energy Services LP Common Units representing Limited Partner Interests News, Ratings, and Charts

Best & Worst Performing Small Cap Stocks for May 24, 2019

EMES leads the way today as the best performing small cap stock, closing up 76.47%.

Read More Stories

More Intuit Inc. (INTU) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All INTU News
Page generated in 1.1847 seconds.