Intuit (INTU) projects FY2027 revenue of $23.3B to $23.5B
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowIntuit (INTU) stock fell 12% after disappointing fiscal 2027 revenue guidance of $23.3 billion to $23.5 billion, reflecting a slowdown to 9% to 10% growth from 14% in fiscal 2026. TurboTax federal units dropped 2% to 39.0 million, with online and desktop units also declining. For fiscal 2027, TurboTax revenue is projected at $5.4 billion to $5.5 billion, growing only 2% to 3%. As the company focuses on gaining market share, these developments highlight ongoing challenges amidst rising competition and an increasing shift towards AI tools.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Intuit Inc. (INTU)
Intuit makes financial software including TurboTax, QuickBooks, and Credit Karma.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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