Today: 20 May 2026
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XETRA:SY1 14 January 2026

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  • Intuit Shares Drop 11% After Q3 Earnings Beat, Announces 17% Workforce Cut
    May 20, 2026, 5:23 PM EDT. Intuit reported Q3 revenue of $11.1 billion, up 10% year-on-year, driven by 15% growth in Global Business Solutions and 19% growth in Online Ecosystem segments. The company ended Q3 with $6.8 billion in cash and $6.2 billion in debt after repurchasing $1.6 billion in stock. CEO Sasan Goodarzi highlighted AI-driven growth strategies. Intuit raised Q4 revenue guidance to 11-12% growth and increased full-year adjusted earnings forecast to $23.80-$23.85 per share, beating estimates. However, shares fell 11.45% after hours amid a 17% workforce reduction plan, expected to incur $300-$340 million restructuring charges. The move aims to streamline operations and sustain long-term growth.

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e.l.f. Beauty’s Earnings Beat Has One Big Catch Wall Street Can’t Ignore

e.l.f. Beauty’s Earnings Beat Has One Big Catch Wall Street Can’t Ignore

20 May 2026
e.l.f. Beauty forecast fiscal 2027 sales and adjusted profit below Wall Street estimates, citing $15–$20 million in potential oil-related costs from the Iran war. Fourth-quarter net sales rose 35% to $449.3 million, beating expectations, but the company posted a $49.4 million net loss due to a $57.6 million charge tied to the Rhode acquisition. Shares rose after hours despite closing down 4.3% earlier.
Applied Digital Hits 1 GW, $31 Billion Bet Starts

Applied Digital Hits 1 GW, $31 Billion Bet Starts

20 May 2026
Applied Digital signed a 15-year, $7.5 billion lease with an unnamed U.S. hyperscaler for 300 megawatts at its new Polaris Forge 3 campus, raising its contracted baseline revenue to $31 billion. Shares jumped about 8% to $39.52 in after-hours trading. Initial operations at the 600-acre northern U.S. site are set for August 2027. Analysts remain cautious on valuation and construction risk.
Nvidia Raises AI Stakes Again, Eyes Turn to Thursday Stock Action

Nvidia Raises AI Stakes Again, Eyes Turn to Thursday Stock Action

20 May 2026
Nvidia reported record first-quarter revenue of $81.6 billion, up 85% from a year earlier, and forecast $91.0 billion for the second quarter. Shares closed at $223.47, up 1.3%, then slipped to $221.90 in extended trading. The company authorized an additional $80 billion in share buybacks and raised its dividend to 25 cents per share. Data Center revenue rose 92% to $75.2 billion.
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