INTU is trading at $342.00 (14% down) in after-hours trading following its fiscal Q3 2026 earnings release and the announcement of a major restructuring.
- The company beat analyst expectations for both revenue and EPS while raising its full-year guidance.
- Despite the financial beat, Intuit announced a significant 17% reduction in its workforce, sparking concerns over future growth and cost structures.
- The sharp selloff suggests investors are focusing on the implications of the restructuring signal rather than the positive headline results.