Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
Summary
Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts estimates due to some sales getting delayed. While results for the fiscal first quarter topped estimates, second-quarter guidance was light. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trumps proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. But a mobile app for submitting returns from Intuit is "already available to all Americans," CEO Sasan Goodarzi told CNBCs Jon Fortt. Goodarzi said on CNBC that hes personally communicating with leaders of the incoming presidential administration.
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