crashbandicoot3nintendoswitch| Intuit(INTU.US)'s performance growth exceeded expectations, but outlook expectations were lowered: Q3 revenue of 6.74 billion yuan, earnings per share of $9.88

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Intuit(INTUcrashbandicoot3nintendoswitch.US) fell more than 6% before the marketcrashbandicoot3nintendoswitchThird quarter revenue increased nearly 12% year-on-year to US$6.74 billion, exceeding analyst expectations. The company lowered its fiscal fourth-quarter earnings forecast, predicting earnings per share of $1.8 to $1.85, lower than market expectations of $1.93, and warned of fewer TurboTax software users.

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Intuit INTU.US shares fell more than 6% to $622.01 in pre-market trading

In pre-market trading on May 24, U.S. fiscal software giant Intuit's share price fell significantly, with a decline of more than 6%, sending its share price to $622.01. The adjustment came after the company announced its fiscal third-quarter results ending April 30, when revenue recorded $6.74 billion, a nearly 12% increase from the same period last year and exceeding market analysts 'expectations of $6.65 billion. In terms of earnings per share, excluding one-time items, it was $9.88, which also exceeded expectations of $9.38. Although Intuit's financial performance showed strong growth, the company was surprised in its fiscal fourth-quarter earnings per share guidance, predicting adjusted earnings per share of between $1.8 and $1.85, compared with market analysts 'consensus forecast of $1.93. More notably, Intuit also warned that the number of users of its free TurboTax software has dropped. These factors combine to reflect investor concerns about Intuit's future growth prospects, especially given that the company's guidance on key indicators has failed to meet market expectations. Whether this stock price decline will have an impact on Intuit's long-term investor confidence remains to be seen.

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