Johnson Fistel, PLLP is investigating whether Intuit Inc. or its executives violated federal securities laws following the company's Q3 fiscal 2026 report. Intuit reported revenue growth but disclosed weaker-than-expected performance in TurboTax Online units and market share, leading to a sharp stock decline. The investigation focuses on whether investors' losses can be recovered under securities laws. Shareholders who suffered losses or hold Intuit stock are encouraged to contact Johnson Fistel for more information.
Intuit's stock has fallen about 62% from its 52-week high, now trading at roughly 13 times expected earnings due to concerns over AI disruption and challenges in the DIY tax market. The company is strategically shifting focus from the commoditized DI...
Intuit reported better-than-expected Q3 revenue and earnings but shares fell 20% due to a 17% workforce cut and weaker tax filing trends. CEO Sasan Goodarzi noted a decline in IRS filers and TurboTax users, especially among lower-income customers sen...
Nvidia reported better-than-expected Q1 earnings and raised revenue guidance, boosting its stock slightly in premarket trading. SpaceX filed its S-1 registration with the SEC, signaling an upcoming IPO and providing rare financial insights. U.S. stoc...
Intuit reported fiscal Q3 revenue of $8.56 billion, beating estimates, with adjusted earnings of $12.80 per share. Despite strong revenue growth in TurboTax, Credit Karma, and Global Business Solutions, shares dropped 19% due to concerns over a weake...
Intuit is laying off about 3,000 employees, roughly 17% of its global workforce, and closing its Woodland Hills office as part of a restructuring to simplify operations and prioritize artificial intelligence. CEO Sasan Goodarzi said the moves aim to ...
