Intuit Q1 Adj. EPS $2.47 Beats $1.98 Estimate, Revenue $2.978B Beats $2.878B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intuit reported Q1 adjusted earnings per share (EPS) of $2.47, surpassing the estimated $1.98. Revenue for the quarter was $2.978 billion, also exceeding the forecast of $2.878 billion.
November 28, 2023 | 9:05 pm
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Intuit's Q1 adjusted EPS of $2.47 and revenue of $2.978B exceeded analyst estimates, indicating a strong financial performance.
Intuit's reported earnings and revenue beat estimates, which typically leads to a positive market reaction as it reflects better-than-expected financial health and performance. This can increase investor confidence and demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100