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Intuit Q1 results top estimates, but earnings guidance falls short
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Investing.com — Intuit reported Tuesday fiscal first-quarter results that topped Wall Street estimates amid higher prices and customer growth, though the TurboTax maker's offered softer earnings guidance for the current quarter.
Intuit Inc (NASDAQ:INTU) (NASDAQ:INTU) stock was up 0.7%.
For the three months through Oct. 31, the company reported fiscal Q1 adjusted EPS of $2.47 on revenue of $3.00 billion, compared with analysts’ estimates for $1.98 on revenue of $2.88B
For Q2, the company said it expects adjusted EPS of $2.25 to $2.31, shy of Wall Street estimates for $2.57.
Looking further head, Intuit reiterated guidance for the full fiscal year 2024, forecasting adjusted EPS of $16.17 to $16.47 on revenue of $15.89B to $16.11B.
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