Intuit Stock Brushes Off Earnings Beat as Outlook Disappoints

Shares of Intuit Inc (NASDAQ:INTU) are down 6.4% to trade at $653.16, despite the California-based fintech company topping earnings estimates, reporting fiscal fourth-quarter earnings of $2.75 per share on $3.83 billion in revenue. Strong results from its new AI-driven platform and subsidiaries like Credit Karma weren't enough to offset weakness at Mailchimp and TurboTax, along with a weaker-than-expected outlook. The stock has beaten earnings estimates in each of the previous four quarters, but only logged ...