Categories AlphaGraphs, Earnings, Finance
INTU Earnings: Intuit Q2 profit rises but misses Street view; revenue up 70%
Financial technology company Intuit Inc. (NASDAQ: INTU) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the numbers fell short of Wall Street’s estimates.
At $2.67 billion, second-quarter revenues were up 70% from the year-ago period but came in below experts’ projection. The topline benefitted from strong growth in the main operating segments.
Adjusted earnings increased to $1.55 per share in the latest quarter from $0.68 per share in the second quarter of 2021 but missed the consensus forecast. Net income, including one-off items, was $100 million or $0.35 per share, compared to $20 million or $0.07 per share last year.
Read management/analysts’ comments on Intuit’s Q2 results
Intuit’s shares traded higher on Thursday and closed the session up 6%. But they declined in the after-hours soon after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Trxade (MEDS) is increasing the breadth of product offerings: CEO Suren Ajjarapu
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and
AMAT Stock: Is now the right time to invest in Applied Materials?
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Here’s a look at Take-Two Interactive Software’s (TTWO) expectations for the coming year
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the