Xpeng (XPEV) & Intuit (INTU) Fall After Worse-Than-Expected Earnings

Intuit (INTU) is trading lower after worse-than-expected 3Q revenue. Caroline Woods discusses this as INTU falls on lower sales from its TurboTax software. She also goes over how Xpeng (XPEV) falls after deliveries declined. XPEV's earnings were released today, May 24th. Its adjusted EPS came in at -$0.37 versus an estimated -$0.33 and revenue came in at $587.31M versus an estimated $712.67M. XPEV is trading lower on a wider-than-expected loss and other E.V. makers are trading lower in sympathy with XPEV. XPEV also issues a downbeat outlook for 2Q. Tune in to find out more about the stock market today.