Intuit (INTU) shares tumbled Friday after the company issued a current-quarter forecast that missed estimates, but analysts were bullish on the stock, suggesting the company's early spending on marketing could drive later growth.
Intuit Inc INTU shares tanked in early trading on Friday, even after the company reported upbeat fiscal first-quarter results.
Intuit (INTU) slid to the downside after posting weak guidance. The company's CEO shrugged off the idea that the Trump administration could create a free tax-filing app.
Intuit's Q1 '25 results were weak, with lackluster growth, declining margins, and guidance that missed consensus. Increased marketing spending could be a sign Intuit is worried about the government tax-filing program, and there's a headline risk coming from the Elon Musk-led DOGE. Intuit's valuation is misleading; it's trading at 54x fwd earnings, not 35x as commonly reported, making it overvalued.
INTU's fiscal first-quarter results reflect strength in the Online Ecosystem and Credit Karma business segments.
U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday's.
Intuit Inc. (INTU) Q1 2025 Earnings Call Transcript
All artificial intelligence (AI) systems are software, but not all software is AI. At least, not yet.
The headline numbers for Intuit (INTU) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Intuit (INTU) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.47 per share a year ago.
Intuit (INTU) reported fiscal first-quarter results that beat analysts expectations, but shares tumbled in extended trading as the company's current-quarter forecast disappointed.
Intuit beat estimates for its fiscal first quarter but gave an outlook that was below views for the current quarter and full year ahead. The post Intuit Beats Fiscal Q1 Targets Buts Guides Low For Current Quarter, Full Year appeared first on Investor's Business Daily.