Intuit Slides 3% Ahead of Earnings as Sentiment Softens

Sellers were reducing exposure to Intuit before results, with the stock settling near $358.59 after a steady slide into the earnings report.

Entering its own earnings report already trading lower raises the bar for a relief rally, and any disappointment lands on a price that has already given ground.

With TurboTax and QuickBooks at its core, Intuit is one of the more closely watched names in financial software, so the post-results direction draws attention well beyond its usual shareholder base.

Lower highs through the session reinforce the cautious tone heading into the report.