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- Intuit results exceed expectations
- 1 month: -2.68%
- 3 month: -11.31%
- Year-to-date: -40.27%
- 1 year: -41.10%
- Keybanc: $450
- Morgan Stanley: $520
- Credit Suisse: $500
- BMO Capital: $467
- Barclays: $490
- Wells Fargo: $525
- Stifel: $475
- Citigroup: $538
- Deutsche Bank: $560
News & AnalysisIntuit 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
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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.
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