Intuit forecasts revenue below estimates
Intuit projected fiscal 2027 revenue below Wall Street expectations as the company prioritizes customer growth and market share. Shares dropped after the announcement amid slowing growth in key segments.
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INTUIT INC forecast fiscal 2027 revenue of $23.28 billion to $23.51 billion, missing analyst expectations of $23.72 billion. The software maker prioritized customer growth over near-term sales acceleration. Shares fell over 10% in extended trading following Tuesday's announcement.
