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Intuit Shares Drop 5.5% Despite Record FY25 Revenue and AI Growth
Intuit Shares Drop 5.5% Despite Record FY25 Revenue and AI Growth
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BTCCSquare news:
Intuit's stock fell sharply in after-hours trading, dropping 5.5% from $698 to $659, despite posting strong fiscal year results. The company reported a 16% revenue increase to $18.8 billion, driven by growth across all segments, including a 32% surge in Credit Karma and a 47% jump in TurboTax Live.
AI-driven services and platform overhauls marked FY25, yet investor sentiment turned cautious due to the company's FY26 outlook. The disconnect between performance and market reaction highlights broader jitters about forward guidance in the tech sector.
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