Intuit Beats Q4 Estimates, Issues Guidance But Stock Falls After Hours
Portfolio Pulse from Ryan Gustafson
Intuit Inc. reported Q4 earnings of $1.65 per share, beating the analyst consensus estimate of $1.43. The company also reported quarterly sales of $2.71 billion, beating the analyst consensus estimate of $2.64 billion. Despite these positive results, Intuit's shares fell in after-hours trading. The company also issued guidance for full-year 2024 revenue between $15.89 billion and $16.105 billion, and earnings per share between $16.17 and $16.47.
August 24, 2023 | 8:51 pm
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Despite beating Q4 estimates, Intuit's shares fell in after-hours trading. The company's guidance for 2024 also exceeds current estimates.
Intuit's shares fell in after-hours trading despite the company beating Q4 estimates and issuing strong guidance for 2024. This suggests that investors may have had higher expectations for the company's performance, or there may be other factors at play affecting the stock's price.
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