It is estimated that the tech firm’s earnings, excluding one-off items, decreased to $2.36 per share in the October quarter from $2.47 per share a year earlier. Analysts’ consensus revenue estimate for Q1 is $3.14 billion.
For the fourth quarter, the company reported revenues of $3.2 billion, which was up 17% from the year-ago period. The top line benefited from strong growth in the Small Business and Self-employed segment. Adjusted earnings increased to $1.99 per share in the July quarter from $1.65 per share in the fourth quarter of 2023.