
Intuit Inc. reported its Q3 FY24 earnings, showcasing strong financial performance with a 12% year-over-year increase in revenue to $6.7 billion, surpassing the estimated $6.65 billion. The company reported non-GAAP EPS of $9.88, exceeding the forecasted $9.37. GAAP EPS stood at $8.42, reflecting a 14% increase from the previous year. Operating income also rose by 12% to $3.1 billion. The Consumer Group revenue grew by 9% to $3.7 billion, while the Small Business and Self-Employed Group revenue increased by 18% to $2.4 billion. Credit Karma revenue was up 8%, and ProTax revenue rose by 3%. Despite these positive results, Intuit's stock dropped by 7% in after-hours trading. The company provided guidance for Q4 FY24, forecasting revenue between $3.063 billion and $3.099 billion, and non-GAAP EPS between $1.80 and $1.85. For FY24, Intuit expects revenue between $16.164 billion and $16.200 billion, and non-GAAP EPS between $16.79 and $16.84. The company's market cap stands at $185.32 billion.

EARNINGS from Intuit. 💰 A quick take: https://t.co/Mv1HAk9Wjw $INTU 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Intuit
$INTU | Key Highlights from Intuit Inc.'s Q3 2024 Earnings Call 👉 Revenue Growth and Financial Performance: 📍 Q3 revenue grew by 12% year-over-year to $6.7 billion. 📍 GAAP operating income increased by 12% to $3.1 billion. 📍 Non-GAAP operating income rose by 11% to $3.7… https://t.co/T2CP0xZliP
Intuit $INTU down 5.6% pre-market FY24Q3 results overnight Q3 group revenues +11.8% y/y (SBSE +18.1%, Consumer +9.3%, Credit Karma +8.0%) EBIT +11.8% GAAP, +10.5% Non-GAAP Non-GAAP Net Income +11.1%, EPS +10.7% Raises FY24 guide Revenue +13% Non-GAAP EBIT +16% Non-GAAP EPS +17% https://t.co/MVzX8FNuxl