Intuit fell more than 6% pre-market as Q4 adjusted earnings per share guidance missed expectations

Gelonghui, May 24 | U.S. financial and taxation software giant Intuit (INTU.US) U.S. stocks fell more than 6% before the market opened, closing at $622.01

Special Topic: Focus on the first quarter financial report of US stocks in 2024. Gelonghui, May 24 | US financial and taxation software giant Intuit (INTU.US) US stocks fell more than 6% before the market opened, reporting at US$622.01.
Intuit announced results for the third quarter ended April 30. Revenue was US$6.74 billion, a year-on-year increase of nearly 12%. Analysts expected US$6.65 billion; earnings per share excluding one-time items was US$9.88. Analysts expected adjusted Earnings per share were $9.38.
Intuit expects fiscal fourth-quarter adjusted earnings of $1.80 to $1.85 per share. Analysts expected $1.93.
Additionally, the company warned that fewer people are using TurboTax software for free.

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