{"id":53055,"date":"2023-08-25T17:00:46","date_gmt":"2023-08-25T21:00:46","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/intuits-stock-is-down-slightly-despite-a-revenue-and-earnings-beat\/"},"modified":"2023-08-25T17:00:49","modified_gmt":"2023-08-25T21:00:49","slug":"intuits-stock-is-down-slightly-despite-a-revenue-and-earnings-beat","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=53055","title":{"rendered":"Intuit\u2019s stock is down slightly despite a revenue and earnings beat"},"content":{"rendered":"
\n

Intuit Inc.\u2019s stock initially dipped 3% in extended trading Thursday after the software company reported quarterly results that topped analyst estimates but offered mixed outlook. <\/p>\n

Intuit
\n INTU,
\n +4.12%<\/bg-quote>
\n racked up fiscal fourth-quarter net income of $89 million, or 32 cents a share, compared with a net loss of $56 million, or 20 cents a share, in the year-ago quarter. Adjusted earnings were $1.66 a share. <\/p>\n

\n

Revenue jumped 12% to $2.71 billion from $2.4 billion a year ago. <\/p>\n

Analysts surveyed by FactSet had expected, on average, net earnings of $1.43 a share on revenue of $2.64 billion. <\/p>\n

The company predicted fiscal first-quarter adjusted earnings of $1.97 a share on sales of $2.88 billion. Wall Street is modeling for earnings of $2.01 a share on sales of $2.88 billion in the quarter.<\/p>\n

\u201cWhat we do is mission critical for small businesses (55% of total revenue) and consumers (45%). And we are positioned well for AI adoption. We\u2019re entering an era where you will have a business assistant by your side,\u201d Intuit Chief Executive Sasan Goodarzi said in a statement announcing the results.<\/p>\n

Shares of Intuit have surged 28% this year, while the S&P 500
\n SPX
\n has gone up 14%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Intuit Inc.\u2019s stock initially dipped 3% in extended trading Thursday after the software company reported quarterly results that topped analyst estimates but offered mixed outlook. Intuit INTU, +4.12% racked up fiscal fourth-quarter net income of $89 million, or 32 cents a share, compared with a net loss of $56 million, or 20 cents a share, […]<\/p>\n","protected":false},"author":1,"featured_media":53056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-53055","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nIntuit\u2019s stock is down slightly despite a revenue and earnings beat | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Intuit Inc.\u2019s stock initially dipped 3% in extended trading Thursday after the software company reported quarterly results that topped analyst estimates\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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