Most of the “old tech” market giants navigated through Q3 earnings season unscathed. However, Intuit Inc. INTU 0.9% took a 3.5 percent hit on Wednesday following its earnings release.

Intuit actually delivered strong beats on both earnings and revenue. The company reported EPS of $0.08, well ahead of expectations of a $0.02 loss. The tech giant also reported revenue of $754 million on the quarter, far surpassing consensus estimates of $733 million.

However, when it comes to the world of “old tech,” you can’t blame the market for looking to the future rather than the present. Despite the earnings beat, investors were disappointed with Intuit’s forward guidance, which sent shares plummeting. The stock seems to have stabilized in Thursday trading.

Even after the earnings dip, Intuit remains up 14.1 percent on the year.

Intuit joins…

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