🔴 INTU is trading 19.7% down today despite earnings beat as 17% layoff plan weighs

INTU is trading 19.7% down at $308.30 following its Q3 fiscal 2026 earnings report and a major restructuring announcement.

• The company surpassed quarterly estimates and raised full-year guidance, but shares fell as it unveiled plans to cut 17% of its workforce.
• Investors are focused on the scale of the layoffs and potential execution risks as the company pivots aggressively toward AI-driven services.