Intuit Stock Falls on Forecast for Growth to Slow -- Market Talk

1613 ET - Investors are souring on Intuit after the company guided for growth to slow this fiscal year, forecasting revenue up 9% to 10%, compared with 14% growth in the latest year. The projection also missed Wall Street's estimate for a roughly 11% increase. The guidance factors in potential changes in the company's TurboTax business, including a possible free offering aimed at attracting customers with adjusted gross incomes around $50,000, in the hopes of eventually selling them other services, CFO Sandeep Aujla says in an interview. The company's guidance also includes expected declines in its desktop business, and the performance of its Mailchimp business, he says. The stock slides 4.9% to $340.08 in late trading. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

August 25, 2026 16:13 ET (20:13 GMT)