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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 | 634.92 | 640.53 | 4 | 10:38:00 |
From Oct 2023 to Apr 2024
By Ben Glickman
Intuit expects earnings to rise modestly in the fiscal second quarter despite forecasting double-digit revenue growth.
The Mountain View, Calif.-based financial technology software provider said it expects earnings of 62 cents to 68 cents a share in the quarter ended Jan. 31, 2024, compared with 60 cents a year ago. Analysts polled by FactSet expect per-share profit of 89 cents a share.
The company's profit surged in the fiscal first quarter on strong revenue growth.
Intuit expects that revenue growth to continue, guiding for a 11% to 12% growth. Analysts polled by FactSet expect revenue of $3.42 billion, which would represent growth of over 12%.
The company expects adjusted per-share earnings of $2.25 to $2.31, compared with the $2.57 expected by analysts.
Intuit reaffirmed its fiscal 2024 guidance.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 28, 2023 16:43 ET (21:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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