It is estimated that the tech firm’s earnings, excluding one-off items, increased to $9.37 per share in the April quarter from $8.92 per share a year earlier. Analysts’ consensus revenue estimate for Q3 is $6.65 billion.
For the second quarter, the company reported revenues of $3.39 billion, which was up 11% from the year-ago period and in line with analysts’ estimates. The top line benefited from strong growth in the Small Business and Self-employed segment. Adjusted earnings increased to $2.63 per share in the January quarter from $2.20 per share in the second quarter of 2023, and came in above estimates.