- $INTU (-1.1%) Intuit Inc (NASDAQ: INTU) reported its second fiscal quarter results on Tuesday, beating Wall Street estimates.
- For the three months ended January 31 the financial software company reported adjusted adjusted earnings per share (EPS) of USD 3.32 on sales of USD 3.96 billion. Analysts had only expected USD 2.58 EPS on sales of USD 3.83 billion expected.
Forecasts
- Q3 2024Intuit expects an adjusted adjusted EPS of USD 10.89 to USD 10.95 and revenue between USD 7.55 billion to USD 7.6 billion. Analysts had previously expected 11.53 USD EPS on sales of USD 7.51 billion were expected.
- Financial year 2025: The forecast envisages adjusted EPS of between USD 19.16 and USD 19.36 with sales of USD 18.16 billion to USD 18.35 billion is forecast.
Dividend increase
- The company increased its quarterly dividend by 16 % to USD 1.04 per share, payable onpayable on April 18, 2025.