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Intuit (NASDAQ:INTU) reported better-than-expected fourth-quarter financial results and issued FY25 EPS guidance above estimates on Thursday. Also, the company approved a new $3 billion repurchase authorization.
Intuit reported fourth-quarter revenue of $3.18 billion, beating the consensus estimate of $3.08 billion. The company reported adjusted earnings of $1.99 per share, beating analyst estimates of $1.84 per share, according to Benzinga Pro.
"We delivered very strong results for the fourth quarter and full year, and made meaningful progress with our AI-driven expert platform strategy that positions the company for durable growth in the future," said Sasan Goodarzi, CEO of Intuit.
Intuit expects fiscal first-quarter revenue growth of approximately 5% to 6%. The company anticipates first-quarter adjusted earnings of $2.33 to $2.38 per share versus estimates of $2.79 per share.
Intuit expects fiscal year 2025 revenue of $18.16 billion to $18.347 billion versus estimates of $18.18 billion. The company sees full-year adjusted earnings in the range of $19.16 to $19.36 per share versus estimates of $19.15 per share.
Intuit shares fell 0.8% to close at $665.29 on Thursday.
These analysts made changes to their price targets on Intuit following earnings announcement.
Considering buying INTU stock? Here’s what analysts think:
Posted In: INTU
