Intuit stock price rebounds after tax-season profit view misses — what traders watch next week
Intuit shares rose 3.7% to $409.03 Friday after the company forecast third-quarter adjusted earnings below analyst estimates, citing higher marketing and customer support spending. The stock had dropped 4% in after-hours trading Thursday before rebounding on heavy volume. Intuit reported second-quarter revenue up 17% to $4.651 billion and repurchased $961 million of stock. The company’s board approved a $1.20 per share dividend payable April 17.
