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  • 1 week ago
Intuit beat fourth-quarter earnings and revenue estimates, but weaker first-quarter guidance sent shares sharply lower in premarket trading.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intuit reported fourth quarter adjusted earnings of $4.03 per share,
00:08beating estimates of $3.58, while revenue of $4.35 billion topped expectations of $4.27
00:14billion, according to Benzinga Pro. Revenue rose 14% year over year, with global business
00:20solutions revenue reaching $3.4 billion in consumer revenue totaling $930 million.
00:26Intuit guided for first quarter revenue of $4.29 billion to $4.31 billion, below estimates
00:31of $4.36 billion, and adjusted earnings of $2.44 to $2.48 per share, versus estimates of $4.04.
00:39The company expects fiscal 2027 revenue of $23.28 billion to $23.51 billion, and adjusted
00:47earnings of $22.88 to $23.12 per share.
00:50CEO Susanne Godarze said the company is focused on building an AI-driven financial platform
00:55that helps consumers, businesses, and accountants accomplish key tasks.
01:00Shares were down by 10.48% at $319.99 in Wednesday's pre-market trading, according to Benzinga Pro.
01:07For all things money, visit Benzinga.com.
01:10Thanks, I have to ask you for now.
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