Intuit Q4 Earnings: Revenue Beat, EPS Beat, Adds $3B To Buyback, Progress On AI-Driven Strategy And More
Portfolio Pulse from Adam Eckert
Intuit Inc (NASDAQ:INTU) reported strong Q4 earnings, surpassing revenue and EPS estimates. The company announced a $3 billion buyback, enhancing its share repurchase program to $4.9 billion, and declared a quarterly dividend. Intuit's AI-driven strategy shows progress, with significant revenue growth in key segments.
August 22, 2024 | 8:33 pm
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Intuit reported better-than-expected Q4 earnings with revenue and EPS beating estimates. The company announced a $3 billion buyback, increasing its total repurchase program to $4.9 billion, and declared a quarterly dividend. Intuit's AI-driven strategy is progressing well, with strong revenue growth in key segments.
Intuit's strong Q4 earnings beat both revenue and EPS estimates, which is a positive indicator for the stock. The $3 billion buyback and dividend announcement are likely to boost investor confidence. The company's progress in AI-driven strategy and significant revenue growth in key segments further support a positive outlook. The after-hours share price increase of 3.38% reflects investor optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100