Poor and unfortunate timing brought about the selling in
INTU
Thursday. Post results the market has drove the stock higher in the after hours Wednesday, as the company beat on earnings and revenue and then raised full year guidance. This rally was short lived as the market had a horrendous day of selling on high volume. If the market stabilises we will look at a possible long entry into the stock.
COMPANY DESCRIPTION
Intuit, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants.
INTU
Thursday. Post results the market has drove the stock higher in the after hours Wednesday, as the company beat on earnings and revenue and then raised full year guidance. This rally was short lived as the market had a horrendous day of selling on high volume. If the market stabilises we will look at a possible long entry into the stock. COMPANY DESCRIPTION
Intuit, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants.