Intuit Inc. Reports Strong Q3 Earnings

Intuit Inc. Reports Strong Q3 Earnings

Intuit Inc. reported better-than-expected earnings and revenue for the fiscal third quarter, which included the tax return season. The company’s quarterly results surpassed analysts’ estimates.

Key Financial Highlights

  • Adjusted Earnings Per Share: $11.65, exceeding the expected $10.91 per share.
  • Revenue: $7.8 billion, compared to the estimated $7.56 billion.
  • Year-over-Year Revenue Growth: Increased 15% from last year’s $6.7 billion.

The latest quarter ended on April 30, shortly after the deadline for filing tax returns in the U.S., where most individuals file electronically.

Stock Performance

As a result of these strong quarterly results and guidance for full-year profit that topped estimates, Intuit’s stock rose about 4% in extended trading on Thursday. This followed a 1% increase during regular trading hours earlier in the week.

Company Statements

"We’re pleased with our performance," said an Intuit spokesperson. "Our focus remains on delivering value to our customers through innovative products and services."

Upcoming Events

  • Annual Shareholder Meeting: Scheduled for May 23rd at The Fairmont Orchid Hawaii resort, near Kailua-Kona on Hawaii’s Big Island.
  • Investor Conference Call: Set for tomorrow morning (Friday) at 9:00 am PT / 12:00 pm ET to discuss Q3 FY24 financial results.

Dial-In Information for the Conference Call

  • US Toll-Free Dial-In Number: +1 (877) 883-0383
  • International Dial-In Number: +1 (412) 902-6506
  • Conference ID: INTUQ323

This structured approach highlights Intuit’s strong performance and outlines important upcoming events for investors and stakeholders.

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