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Intuit Q1 results top estimates, but earnings guidance falls short

Investing.com - Intuit reported Tuesday fiscal first-quarter results that topped Wall Street estimates amid higher prices and customer growth, though the TurboTax maker's offered softer earnings guidance for the current quarter. 

Intuit Inc (NASDAQ:INTU) (NASDAQ:INTU) stock was up 0.7%.

For the three months through Oct. 31, the company reported fiscal Q1 adjusted EPS of $2.47 on revenue of $3.00 billion, compared with analysts’ estimates for $1.98 on revenue of $2.88B

For Q2, the company said it expects adjusted EPS of $2.25 to $2.31, shy of Wall Street estimates for $2.57.

Looking further head, Intuit reiterated guidance for the full fiscal year 2024, forecasting adjusted EPS of $16.17 to $16.47 on revenue of $15.89B to $16.11B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.