Intuit shares fell 5.1% on February 17. The stock closed at $379.17 as the software sector faced selling pressure. Alibaba’s new AI model release triggered concerns about disruption to legacy business models. Intuit dropped from a $393.08 open to an intraday low of $375.40. Shares recovered 0.6% in premarket trading on February 18. The stock reached $381.31 during the premarket session.
Intuit will report quarterly earnings after the market closes on February 26. Investors are monitoring tax-season demand and AI-driven pricing decisions. Analysts are tracking progress on the expanded Wix partnership for QuickBooks Online integration.
The company expects double-digit revenue growth for the full year. Management maintains confidence in annual margin expansion. Second-quarter guidance targets revenue growth of 14% to 15%. Adjusted earnings per share are projected between $3.63 and $3.68.