Intuit Q3 EPS $8.92 Beats $8.48 Estimate, Sales $6.02B Miss $6.10B Estimate
Portfolio Pulse from Happy Mohamed
Intuit reported Q3 earnings of $8.92 per share, beating the analyst consensus estimate of $8.48 by 5.19%. However, quarterly sales of $6.02 billion missed the estimate of $6.10 billion by 1.34%. This represents a 16.6% increase in earnings and a 6.85% increase in sales compared to the same period last year.
May 23, 2023 | 8:01 pm
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Intuit's Q3 earnings beat estimates, but sales missed expectations. Earnings increased by 16.6% YoY, while sales grew by 6.85% YoY.
Intuit's Q3 earnings beat analyst estimates, which is a positive sign for the company. However, the missed sales estimate may offset the positive impact of the earnings beat. The mixed results make it difficult to predict the short-term price direction, resulting in a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100