Intuit Shares Plummet After Strong Quarter Paired With Sweeping Restructuring
Intuit reported fiscal Q3 FY2026 results that beat expectations and raised full-year guidance, yet announced a large restructuring that will eliminate roughly 17% of its full-time staff and incur $300 million to $340 million in charges. Investors sold shares heavily in pre-market trading, citing fears about the company’s transition to an AI-driven …