Intuit took a dive after what appears to be a good earnings call. What happened?
u/california_explorer ·
Reddit — r/stocks
· May 20, 2026 at 23:07
· ⬆ 26 pts
· 💬 14 comments
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They had a good Q3 with 10% in revenue of $8.56B with FY26 revenue and non-GAAP guidance to $21.34B - 21.37B and $23.8-$23.85, respectively.
What do you think is the cause of the dive? Could 17% corporate layoffs be part of it??
*The company also announced it is reducing its full-time workforce by 17 percent to simplify its organizational structure and become a faster, leaner, more focused company. It estimates that it will incur approximately $300 million to $340 million in restructuring charges, largely recognized in its fourth fiscal quarter ending July 31, 2026.*
Does this make Intuit a dip buy?