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.

Intuit Q2 2022 earnings infographic

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

  • Intuitive Q4 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Viewing Highlight