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Intuit Shares Drop 5% Amid Lower Q3 Earnings Forecast

2/27/2026

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Summary

Story summary

Intuit Inc. expects third-quarter adjusted earnings per share of $12.45 to $12.51, below the $12.95 consensus, due to higher marketing costs for the tax season.
Shares fell over 5% in after-hours trading after the announcement.
Intuit still projects about 10% revenue growth, aligning with market expectations.
The tax season began on January 26, with an April 15 filing deadline.

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Story summary

Intuit Inc. expects third-quarter adjusted earnings per share of $12.45 to $12.51, below the $12.95 consensus, due to higher marketing costs for the tax season.
Shares fell over 5% in after-hours trading after the announcement.
Intuit still projects about 10% revenue growth, aligning with market expectations.
The tax season began on January 26, with an April 15 filing deadline.