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Intuit Fiscal Q1 Non-GAAP EPS, Revenue Rise; Fiscal 2025 Guidance Reiterated -- Shares Drop After Hours
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Intuit Fiscal Q1 Non-GAAP EPS, Revenue Rise; Fiscal 2025 Guidance Reiterated -- Shares Drop After Hours
Nov 21, 2024 6:53 PM

04:17 PM EST, 11/21/2024 (MT Newswires) -- Intuit (INTU) reported fiscal Q1 non-GAAP earnings late Thursday of $2.50 per diluted share, up from $2.47 a year earlier.

Analysts polled by FactSet expected $2.36 excluding certain items.

Revenue in the quarter ended Oct. 31 rose to $3.28 billion from $2.98 billion a year earlier.

Analysts surveyed by FactSet expected $3.14 billion.

For fiscal Q2, the company expects non-GAAP EPS of $2.55 to $2.61 on revenue of $3.81 billion to $3.85 billion. Analysts polled by FactSet expect $3.25 and $3.88 billion, respectively.

Intuit reiterated its fiscal 2025 guidance with non-GAAP EPS of $19.16 to $19.36 on revenue of $18.16 billion to $18.35 billion. Analysts expect non-GAAP EPS of $19.33 on revenue of $18.27 billion.

The company kept its quarterly dividend steady at $1.04 a share, payable on Jan. 17.

Company shares fell almost 6% in recent after-hours activity.

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