We recently published Jim Cramer Took A Side On Biggest AI Debate & Discussed These 13 Stocks.
Intuit Inc. (NASDAQ:INTU) is one of the stocks discussed by Jim Cramer
Intuit Inc. (NASDAQ:INTU) is a productivity software provider. Its shares are down by 53% over the past year and by 51% year-to-date. May 21st was a tough day for the stock as it closed 20% lower.
On the 20th at market close, the firm had announced that it was going to cut its workforce by a whopping 17%. For its fiscal third quarter earnings, Intuit Inc. (NASDAQ:INTU) reported $8.56 billion in revenue and $12.80 in earnings per share to miss analyst revenue estimates of $8.61 billion and beat the earnings estimates of $12.57. The results and the subsequent share price movement came after Cramer asserted that he had faith in Intuit Inc. (NASDAQ:INTU)’s CEO: “Well I have Sasan Goodarzi tonight, and obviously there are many people who feel that you can beat him, using Anthropic.