Intuit Shares Drop 6% After Revenue Forecast Misses Expectations Amid Delayed Sales

Benzinga 2024-11-23

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Intuit shares fell 6% in extended trading after issuing a revenue forecast for the current quarter below expectations, citing delayed sales. Intuit's Q1 adjusted earnings and revenue both surpassed analyst expectations. Revenue rose 10% year-over-year, though net income fell. Second-quarter guidance reflects a single-digit decline in consumer segment revenue due to TurboTax promotional changes. CEO Sasan Goodarzi expressed optimism about economic conditions improving in 2025, despite current challenges.

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