Intuit lifts full-year outlook as Q3 results top analyst expectations

Investing.com - Intuit lifted its full-year guidance Thursday after reporting fiscal third-quarter results that topped expectations.

Intuit Inc (NASDAQ: INTU) fell more than 5% in afterhours trading.

Intuit announced earnings per share of $9.88 on revenue of $6.74 billion. Analysts polled by Investing.com anticipated EPS of $0.9715 on revenue of $1.81 billion.

“The era of AI is one of the most significant technology shifts in our lifetime, and our strategy to be the global AI-driven expert platform is delivering significant benefits to our customers and strong results across the company,” Chief Executive Sasan Goodarzi said in a statement.

Looking ahead, the company guided adjusted earnings in a range of $16.79 to $16.84, representing growth of approximately 17%, up from previous guidance for growth of 12% to 14%. Revenue was expected in a range of $16.16B to $16.2B, or growth of approximately 13%, up from previous guidance for growth of 11% to 12%.

The company increased its quarterly dividend by 15% to $0.90 per share.

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