area51site4| Changes in U.S. stocks | Caijie plunged more than 9% to a new low in more than one month. The Q4 performance guidance fell short of expectations, and Bank of America lowered its target price

US tax software giant INTUarea51site4.US) intraday fell more than 9% to 600area51site4.485area51site4, the stock price hit a new low since April 19.

Caijie reported results showing an adjusted EPS of $9.88 for the fiscal third quarter, higher than analysts 'expectationsarea51site4Net revenue was $9.38; net revenue was $6.74 billion, a year-on-year increase of 12%, higher than analysts 'expectations of $6.64 billion. The full-year adjusted EPS is expected to be US$16.79, higher than analysts 'expectations of US$16.42; full-year revenue is expected to be US$16.16 billion to US$16.20 billion, compared with the company's original forecast of US$15.89 billion to US$16.11 billion. Fiscal fourth-quarter revenue is expected to grow by approximately 13%-14%.

After the results were announced, several major banks issued research reports on them:

Barclays Bank: Maintain target price of US$745 and maintain buy rating;

Citigroup: Maintain target price of US$744 and maintain buy rating;

Bank of America: lowered its target price from $760 to $730 and maintained its buy rating;

Goldman Sachs: Raise its target price to $705 from $690 and maintain its buy rating.

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