Intuit TurboTax Revenue Miss Drags Results Mentioned in Investor Letter
Rothschild & Co Asset Management’s LongRun Equity Strategy investor letter reports a 7.6% second-quarter gain for the fund versus a 15.8% benchmark rise, noting weaker revisions outside the AI sector. It highlights Intuit’s slightly lower-than-expected TurboTax business revenues, which were met with a sharp market reaction. The letter also reviews Intuit’s scale and holding context.