On July 7, Intuit rose 3.35% in regular trading, trading at $281.07/share, with turnover of $50.02 million. The stock rebounded above the prior $275 resistance zone after retreating to approximately $265 under pressure from multiple investment bank downgrades earlier this month.

On the earnings front, the company's Q3 report showed revenue of $8.6 billion, up 10% year-over-year, with Non-GAAP diluted EPS of $12.80, also up 10%. Full-year revenue guidance was raised to $21.341–$21.374 billion. TurboTax Live revenue is projected to grow 36%, reflecting continued optimization of the Consumer business mix. Despite prior downgrades from Goldman Sachs (to sell, PT $276) and Stifel (to hold, PT $275) capping upside, the solid fundamentals supported recovery.

The broader Application Software sector provided additional tailwinds, with Salesforce up 2.44% and Adobe up 2.34% during the same session, reinforcing sector-wide momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)