Intuit stock drops after hours as TurboTax maker flags heavier tax-season spending
Intuit shares dropped 5.3% to $373.48 in after-hours trading Thursday after forecasting third-quarter profit below Wall Street estimates. The company cited increased marketing and support spending to compete in assisted tax and QuickBooks. Earlier, the stock closed up 3.46% at $394.42. Intuit reported second-quarter revenue of $4.65 billion, up 17%, and raised its quarterly dividend 15%.