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Intuit's Q2: Strong Results, Weak Outlook
Description
Intuits Q2 results showed impressive growth, with revenue up 17% and adjusted EPS rising 25%. However, shares dropped despite the positive outlook, raising questions about oversold territory. The companys focus on AI and human intelligence is paying off, with over 3 million customers using AI agents and QuickBooks Live bookings surging. Yet, investors are concerned about the slowdown ahead, with Credit Karmas growth easing and Mailchimp still lagging. Next weeks earnings will be crucial, as guidance points to just 10% revenue growth, a significant drop from recent double digits. The market is watching closely to see if the dip is a buying opportunity or a sign to stay away.
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