Intuit shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY25 EPS guidance above estimates. Also, the company approved a new $3 billion repurchase authorization.
Portfolio Pulse from Benzinga Newsdesk
Intuit's shares rose following strong Q4 results, FY25 EPS guidance above estimates, and a new $3 billion share repurchase authorization.
August 22, 2024 | 8:24 pm
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Intuit's stock is up due to better-than-expected Q4 results, optimistic FY25 EPS guidance, and a $3 billion share repurchase plan.
Intuit's strong Q4 performance and positive future guidance are likely to boost investor confidence, leading to a rise in stock price. The $3 billion share repurchase plan further supports this upward trend by reducing the number of shares outstanding, potentially increasing EPS.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100