Tag Archives: TurboTax

Intuit Stock Sinks on Disappointing Outlook After Weak MailChimp, TurboTax Results

Intuit Stock Sinks on Disappointing Outlook After Weak MailChimp, TurboTax Results

Key Takeaways Intuit issued current-quarter and full-year projections that missed analysts’ estimates. The tax and accounting software maker saw weakness in its MailChimp marketing platform, and a decline in average revenue from TurboTax use. Intuit’s fourth-quarter profit and revenue exceeded forecasts. Intuit (INTU) shares tumbled 7% in premarket trading Friday, a day after the maker of tax and accounting software …

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