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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intuit Inc | NASDAQ:INTU | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 638.39 | 630.69 | 640.00 | 5 | 11:29:46 |
From Oct 2023 to Apr 2024
By Ben Glickman
Intuit's fiscal first-quarter profit jumped after the company logged sharp growth in its small business and self-employed group.
The Mountain View, Calif.-based financial technology software provider logged a profit of $241 million, or 85 cents a share, in the quarter ended Oct. 31, compared with $40 million, or 14 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 20 cents.
Stripping out certain one-time items, adjusted per-share earnings came to $2.47, ahead of the $1.98 forecast by analysts, according to FactSet.
Revenue rose 15% to $2.98 billion, beating the $2.88 billion expected by analysts polled by FactSet.
The company's results were boosted by higher revenue in its small business and self-employed group. The group saw more customers and higher effective prices, Intuit said.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 28, 2023 16:28 ET (21:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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