Intuit falls after Q2 revenue, profit forecast below estimates
** Shares of TurboTax-parent Intuit INTU.O fall 5.8% to $639.04 premarket
** INTU forecasts Q2 revenue and profit below Wall Street estimates
** Co expects Q2 revenue to be between $3.81 bln and $3.84 bln vs analysts' average estimate of $3.87 bln - LSEG-compiled data
** Co forecasts Q2 adj. EPS of $2.55 to $2.61 vs estimate of $3.20
** At least two brokerages cut PT, while two raise it
** "We believe near-term uncertainty around the consumer/tax business is likely to be an overhang" - William Blair
** 23 of 31 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $740 - LSEG
** Up to last close, stock had risen ~9% this year
Reporting by Jaspreet Singh in Bengaluru
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