Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.
(Bloomberg) Intuit Inc. reported tax season revenue that exceeded estimates as more customers opted for higher-priced features. Still, the shares fell on investor concerns about a loss in the number of people who use the company’s TurboTax service for free.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationStocks Join Bonds in Falling as Fed
TurboTax lost 1 million free customers after IRS' direct file option; Intuit stock plummets fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
Intuit's TurboTax Lost 1 Million Free Users This Tax Season bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.