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
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
