Yahoo Finance

Intuit Chief Executive Sasan Goodarzi doesn’t expect president-elect Donald Trump’s incoming administration to build a free tax-filing app that would interfere with its business. Intuit reiterated its full-year guidance as it reported fiscal first-quarter earnings Thursday, but shares fell 5% after hours when the company guided for a weaker-than-expected second quarter. Shares for the tax-preparation software maker fell this week, along with those of competitor H&R Block, after The Washington Post reported that leaders overseeing the Department of Government Efficiency discussed creating a mobile app for Americans to file their taxes for free with the Internal Revenue Service.