Intuit current quarter guidance falls short of estimates

Investing.com -- Intuit reported Thursday weaker-than-expected guidance for the current quarter that offset the tax-preparation software maker's better-than-expected fiscal second-quarter results.

For Q3, the company forecast adjusted EPS $9.31 to $9.38, missing analyst estimates for adjusted EPS of $9.70.

Intuit Inc (NASDAQ: INTU) fell more than 3% in afterhours trading following the report.

For the three months ended Dec. 31, the company reported adjusted per-share earnings of $2.63 on revenue of $3.4 billion, compared with analysts’ estimates for $2.31 on revenue of $3.39B.

Looking ahead, the company reiterated its guidance for the full fiscal year 2024, forecasting adjusted earnings per share of $16.17 to $16.47 on revenue of $15.89B to $16.11B.

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