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Intuit Q3 Non-GAAP Earnings, Revenue Rise; Outlook Raised
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Intuit Q3 Non-GAAP Earnings, Revenue Rise; Outlook Raised
May 23, 2024 1:46 PM

04:24 PM EDT, 05/23/2024 (MT Newswires) -- Intuit (INTU) reported fiscal Q3 non-GAAP earnings Thursday of $9.88 per diluted share, up from $8.92 a year earlier.

Analysts polled by Capital IQ expected $9.38.

Revenue in the quarter ended April 30 rose to $6.74 billion from $6.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.64 billion.

For fiscal Q4, the company expects non-GAAP EPS of $1.80 to $1.85 on revenue of $3.06 billion to $3.10 billion. Analysts polled by Capital IQ expect EPS of $1.92 on revenue of $3.05 billion.

For fiscal 2024, Intuit raised its guidance for adjusted EPS to $16.79 to $16.84 from $16.17 to $16.47 and for revenue to $16.16 billion to $16.20 billion from $15.89 billion to $16.11 billion. Analysts expect EPS of $16.42 on revenue of $16.05 billion.

The company maintained its quarterly dividend at $0.90 a share, payable July 18.

Shares of Intuit were down more than 4% in recent after-hours market.

Price: 633.00, Change: -29.26, Percent Change: -4.42

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