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
Should investors worry about Micron’s (MU) weak Q4 results and guidance?
The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,
What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a
NKE Earnings: Highlights of Nike’s Q1 2023 results
Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss
