Intuit Is Biggest S&P 500 Decliner After Surprise Loss, Soft Profit Outlook

Key Takeaways Intuit's fiscal 2025 first-quarter and full-year profit guidance fell short of expectations. The TurboTax and Credit Karma parent also reported a surprise loss in the fourth quarter. Intuit previously said it planned to replace employees it laid off with new staffers with a focus on AI in fiscal 2025. Intuit (INTU) is the S&P 500's worst performer Friday, a day after the company reported a surprise fourthquarter loss and a soft profit outlook. The TurboTax and Credit Karma parent sees fiscal 2 ...