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Intuit Lowers TurboTax Revenue per User as Growth Guidance Slips

Intuit logoIntuit
Sig2.13Sen-3.14Env0.00Soc0.00Gov-4.35

Quantitative Investment Management boosted its Intuit stake, and other wealth managers increased positions as holdings rose. Intuit reported $4.03 EPS, above consensus, but TurboTax revenue per user is being lowered to win customers amid pricing pressure. Revenue growth for fiscal 2027 is forecast at 9% to 10%, with TurboTax growth at 2% to 3%; near-term guidance trailed estimates and several firms cut ratings.

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