Intuit Inc. (NASDAQ:INTU) recently reported third-quarter results, announced a 17% workforce reduction, and issued a weaker-than-expected outlook.

• What’s the outlook for INTU shares?

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Q3 Results Beat Estimates

Intuit reported third-quarter revenue of $8.56 billion, topping estimates of $8.53 billion. Adjusted earnings came in at $12.80 per share, above the $12.28 per-share estimate.