Intuit Q1 results top estimates, but earnings guidance falls short

Investing.com - Intuit reported Tuesday fiscal first-quarter results that topped Wall Street estimates amid higher prices and customer growth, though the TurboTax maker's offered softer earnings guidance for the current quarter.

Intuit Inc (NASDAQ: INTU) (NASDAQ: INTU) stock was up 0.7%.

For the three months through Oct. 31, the company reported fiscal Q1 adjusted EPS of $2.47 on revenue of $3.00 billion, compared with analysts’ estimates for $1.98 on revenue of $2.88B

For Q2, the company said it expects adjusted EPS of $2.25 to $2.31, shy of Wall Street estimates for $2.57.

Looking further head, Intuit reiterated guidance for the full fiscal year 2024, forecasting adjusted EPS of $16.17 to $16.47 on revenue of $15.89B to $16.11B.

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