Intuit Inc (NASDAQ:INTU, ETR:ITU) shares fell 6% pre-market as a guidance miss for the current quarter and investor concern about a loss in the number of free users using its TurboTax tax software overshadowed better-than-expected earnings. The technology firm said it saw a decline in lower-end customers during this year's tax season, with 10 million people using its TurboTax platform to file their taxes, a drop of about 1 million from last year.
Intuit Inc. (NASDAQ:INTU ) Q3 2024 Earnings Call Transcript May 23, 2024 4:30 PM ET Company Participants Kim Watkins - VP of IR Sasan Goodarzi - CEO Sandeep Aujla - CFO Conference Call Participants Keith Weiss - Morgan Stanley Daniel Jester - BMO Capital Markets Siti Panigrahi - Mizuho Alex Markgraff - KeyBanc Capital Markets Kirk Materne - Evercore ISI Kash Rangan - Goldman Sachs Brad Reback - Stifel Brad Zelnick - Deutsche Bank Steve Enders - Citi Brad Sills - Bank of America Scott Schneeberger - Oppenheimer Raimo Lenschow - Barclays Michael Turrin - Wells Fargo Operator Good afternoon. My name is David and I'll be your conference operator.
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The headline numbers for Intuit (INTU) give insight into how the company performed in the quarter ended April 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 $9.88 per share, beating the Zacks Consensus Estimate of $9.34 per share. This compares to earnings of $8.92 per share a year ago.
Intuit posted a rise in third-quarter revenue and raised its annual forecasts on Thursday, as the maker of tax filing software TurboTax benefited from demand for its AI-integrated products during a robust tax season.
Intuit Inc., the tech company behind TurboTax filing software and the personal-finance site Credit Karma, raised its full-fiscal-year profit and sales outlook on Thursday, following third-quarter results that topped Wall Street's expectations.
As beneficiaries of strong business industries, Intuit (INTU), Workday (WDAY), and Booz Allen Hamilton's (BAH) stock all sport a Zacks Rank #2 (Buy) ahead of their quarterly reports this week.
Intuit's (INTU) third-quarter fiscal 2024 results are expected to reflect strength in Online Ecosystem revenues, driven by the launch of QuickBooks Solopreneur.
Intuit (INTU) closed the most recent trading day at $653.37, moving -0.27% from the previous trading session.
Intuit (INTU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.