Nov 21, 09:14 PM

Intuit Q1 Beats Estimates, Shares Drop 9% on Weak Q2 Outlook

Intuit Inc. reported its fiscal first-quarter earnings for 2025, surpassing Wall Street estimates with an adjusted EPS of $2.50, beating expectations by $0.14, and revenue of $3.28 billion, up 10% year-over-year, beating estimates by $143 million. Despite the strong results, the company's shares dropped nearly 9% after hours due to a weaker-than-expected outlook for the second quarter. Intuit provided guidance for Q2, expecting revenue between $3.81 billion and $3.85 billion, below the consensus estimate of $3.88 billion, and adjusted EPS between $2.55 and $2.61, significantly below the estimate of $3.23. The company cited delayed promotions as a reason for the revenue delay in its consumer segment, impacting growth. However, Intuit reaffirmed its full-year fiscal 2025 guidance, expecting revenue growth of 12% to 13% and GAAP diluted EPS growth of 18% to 20%. Key highlights include Credit Karma revenue growing 29%, Online Ecosystem revenue up 20%, and Global Business Solutions Group revenue increasing by 9%.

#Wall Street #Intuit #GAAP #Credit Karma #Online Ecosystem #Global Business Solutions Group

Written with ChatGPT .

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