Analysts raise ratings for Intuit Inc (INTU) after strong Q3 results, with revenue of $7.75 billion (+15%) and EPS of $11.65 (+$0.70), beating estimates. They expect continued momentum and growth in QuickBooks, TurboTax, and Credit Karma, driven by AI and automation.
Shares of tax and accounting software provider, Intuit (NASDAQ:INTU) jumped 7.6% in the afternoon session after the company reported an impressive "beat and raise" quarter as it upped its full-year EPS guidance and provided revenue guidance for the next quarter that exceeded Wall Street's estimates, sending a clear signal of improved confidence in its business momentum.
Wall Street stumbled midday Friday, shaken by a fresh wave of trade war fears after President Donald Trump proposed aggressive new tariffs on Apple Inc. (NASDAQ:AAPL)
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
Intuit stock is trading higher on Friday after the company reported better-than-expected third-quarter financial results on Thursday after the market closed.
David Emerson will lead operations, supply chain, and quality as Wolfspeed scales silicon carbide production to meet growing demand in automotive, energy, and industrial sectors.
As the US market prepares to open on Friday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
