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Why Intuit (INTU) Is Down 8.6% After Soft Profit Outlook And New Anthropic AI Deal - And What's Next
Intuit (INTU) stock dropped 8.6% after reporting strong revenue growth but issuing a weaker-than-expected third-quarter profit outlook and maintaining its full-year revenue guidance. The company also announced a new multi-year partnership with Anthropic to integrate AI financial agents into its consumer and business workflows. This move aims to deepen customer engagement and expand Intuit’s all-in-one platform vision, with investors now focused on whether AI adoption will translate into sustained revenue despite the cautious short-term profit forecast.