Breaking News
May 21, 2026
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Intuit Inc. dropped 13.8% to $331.08 after the company posted its fiscal third quarter results and announced its plan to layoff about 17% of its staff.
Revenue increased 10% to $8.6 billion from $7.8 billion, net income jumped 8% to $3.1 billion from $2.8 billion, and diluted earnings per share advanced to $11.09 from $10.02 a year ago.
The company raised its full-year revenue to range between $21.341 billion and $21.374 billion, an increase between 13% and 14% from a year ago.
The software company estimated full-year diluted earnings per share to range between $15.79 and $15.84.
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