
Intuit (INTU) Stock Declines as AI Competition Provide Similar Software Services
Intuit (INTU) just had next qtr’s profit estimates cut from 11% to 8%. That’s a big slowdown from 25% last qtr. All due to AI.

Intuit (INTU) just had next qtr’s profit estimates cut from 11% to 8%. That’s a big slowdown from 25% last qtr. All due to AI.

Intuit (INTU) reported a strong quarter as its all-in-one platform boosts profits. And with a P/E of 29, the stock seems undervalued.

Intuit (INTU) delivered solid results last quarter, but the stock declined afterwards. Let’s take a closer look and try to figure out why.

Intuit (INTU) delivered a solid tax quarter as Turbo Tax Live assistants were in demand from customers, with revenue up 47%.

Intuit (INTU) is known for its TurboTax tax filing software. The company also owns QuickBooks, CreditKarma, and MailChimp.