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<item><title>Intuit Stock Drops 12% After Weak Outlook and TurboTax Customer Loss</title><link>https://www.live-feeds.com/feed/intuit-forecasts-slower-growth-takes-steps-to-win-more-turbotax-users</link><guid isPermaLink="false">https://www.live-feeds.com/feed/intuit-forecasts-slower-growth-takes-steps-to-win-more-turbotax-users#u49380</guid><pubDate>Thu, 27 Aug 2026 00:55:57 +0000</pubDate><description>Intuit shares fell 12% after the company issued cautious fiscal 2027 guidance that missed analyst estimates. While the company beat fiscal Q4 targets, the outlook suggests slowing revenue growth driven by AI competition and customer attrition. The CEO admitted that current pricing is driving TurboTax users away, prompting the company to prioritize customer growth and develop a low-cost solution to retain users. This downturn sparked broader market fears regarding AI disruption across the enterprise software sector, impacting other firms like Adobe and ServiceNow.Why it mattersIntuit operates m</description></item>
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