- Accounts
- About
- Trading
- Platforms
- Tools
- News & education
- News & education
- News & analysis
- Education hub
- Economic calendar
Intuit Inc. (NASDAQ: INTU) reported its latest financial results for the first quarter of fiscal 2023, which ended October 31, after the market close in the US on Tuesday.
The US software company beat both revenue and earnings per share (EPS) estimates for the quarter.
Intuit reported revenue of $2.597 billion (up by 29% year-over-year) vs. $2.497 billion expected.
EPS reported at $1.66 per share (an increase of 8% year-over-year) vs. estimate of $1.194 per share.
”We had a strong first quarter as we innovated and delivered on our strategy to be the global AI-driven expert platform powering prosperity for consumers and small businesses,” Sasan Goodarzi, CEO of the company said in a statement.
”We continue to see proof that the benefits of our financial technology platform are more mission-critical than ever to our customers in an uncertain macro environment,” Goodarzi added.
The stock was down by 1.54% on Tuesday at $378.96 a share.
Stock performance
Intuit price targets
Intuit is the 118th largest company in the world with a market cap of $108.70 billion.
You can trade Intuit Inc. (NASDAQ: INTU) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: Intuit Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
After a positive lead from the APAC region on China re-opening optimism, US markets drifted lower as traders braced themselves for an expected hawkish Jerome Powell speech to be delivered midway through todays US session. The Dow Jones eked out a small gain while the more risk and interest rate sensitive Nasdaq was the underperformer, not helped...
Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Cha...