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
LLY Earnings: Eli Lilly Q4 2024 profit more than doubles; revenue up 45%
Eli Lilly and Company (NYSE: LLY) Thursday reported a sharp increase in its fourth-quarter revenues. The pharmaceutical company's adjusted earnings more than doubled during the quarter. Worldwide revenue increased 45%
Ford Motor Company (F) Earnings: 4Q24 Key Numbers
Ford Motor Company (NYSE: F) reported revenue of $48.2 billion for the fourth quarter of 2024, up 5% year-over-year. GAAP net income was $1.8 billion, or $0.45 per share, compared
Philip Morris (PM) Q4 2024 Earnings: Key financials and quarterly highlights
Philip Morris International Inc. (NYSE: PM) reported its fourth quarter 2024 earnings results today. Net revenues increased 7.3% year-over-year to $9.7 billion. Organic revenue growth was also 7.3%. Net loss attributable
