Categories AlphaGraphs, Earnings, Technology
INTU Earnings: Intuit Q3 profit rises and beats Street view; revenue up 35%
Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher earnings and revenues for the third quarter of 2022. The numbers also beat Wall Street’s estimates.
At $5.63 billion, third-quarter revenues were up 35% from the year-ago period and above experts’ projections. The topline benefitted from strong growth across all the main operating segments.
Adjusted earnings increased to $7.65 per share in the latest quarter from $6.07 per share in the third quarter of 2021 and exceeded the consensus forecast. Net income, including one-off items, was $1.79 billion or $6.28 per share, compared to $1.46 billion or $5.30 per share last year.
Read management/analysts’ comments on Intuit’s Q3 results
Intuit’s shares traded lower on Tuesday afternoon and closed the session down 3%. But they made strong gains in the after-hours soon after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
