Categories AlphaGraphs, Earnings, Finance
Earnings: Intuit (INTU) Q4 profit drops but tops expectations; revenue down 6%
Financial technology company Intuit Inc. (NASDAQ: INTU) reported lower earnings and revenues for the fourth quarter of 2022. However, the results beat Wall Street’s estimates.
At $2.41 billion, fourth-quarter revenues were down 6% from the year-ago period but came in above experts’ projections. The top line was negatively impacted by weakness in the Consumer Group and ProConnect segments.
Adjusted earnings decreased to $1.10 per share in the latest quarter from $1.97 per share in the fourth quarter of 2021 but exceeded the forecast. On an unadjusted basis, it was a net loss of $56 million or $0.20 per share, compared to a profit of $380 million or $1.37 per share last year.
Check this space to read management/analysts’ comments on Intuit’s Q4 results
Intuit’s shares closed Tuesday’s regular session higher and continued the uptrend during the extended session soon after the earnings announcement.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
