Intuit (INTU) is the 澳洲幸运5官方开奖结果体彩网:S&P 500's worst performer Friday, a day after the company reported a surprise fourth-quarter loss and a soft profit outlook.

The TurboTax and Credit Karma parent sees fiscal 2025 first-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) betwe𒅌en 61 cents and 66 cents, below the consensus estimate of analysts polled by Visible Alpha. For the full year, Intuit expects EPS between $12.34 to $12.54, also short of expectations. 

Intuit Swings To Unexpected Q4 Loss

Intuit posted fourth-quarter revenue of $3.18 billion, up 17% year-over-year and above estimates. However, the company swung to a per-share loss of 7 cents from a profit of 32 cents a year ago, missing analysts' expectations of a 22-cent profit.

The results come after Intuit announced plans in July to 澳洲幸运5官方开奖结果体彩网:lay off 1,800 employees, roughly 10% of its workforce, but replace them with a nearly equal number of staffers focused on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) in fiscal 2025. 

Shares of Intuit dropped more than 7% to $616.39 as of 2 p.m. ET Friday to fall into negative territory for the year.