US tax software giant INTUflyshopnearme.US) intraday fell more than 9% to 600flyshopnearme.485flyshopnearme, the stock price hit a new low since April 19.
Caijie announced results showing that the adjusted EPS for the fiscal third quarter was US$9.88, higher than analysts 'expectations of US$9.38; net revenue was US$6.74 billion, a year-on-year increase of 12%, higher than analysts' expectations of US$6.64 billion. The full-year adjusted EPS is expected to be US$16.79, higher than analysts 'expectations of US$16.42; full-year revenue is expected to be US$16.16 billion to US$16.20 billion, compared with the company's original forecast of US$15.89 billion to US$16.11 billion. Fiscal fourth-quarter revenue is expected to grow by approximately 13%-14%.
After the results were announced, several major banks issued research reports on themflyshopnearme：
Barclays Bank: Maintain target price of US$745 and maintain buy rating;
Citigroup: Maintain target price of US$744 and maintain buy rating;
Bank of America: lowered its target price from $760 to $730 and maintained its buy rating;
Goldman Sachs: Raise its target price to $705 from $690 and maintain its buy rating.