Intuit's Q1 Earnings Beat Estimates, Boosting Stock Price

Published 2 hours agoINTU

Intuit's Q1 Earnings Beat Estimates, Boosting Stock Price

Intuit's stock saw a significant uptick on Friday after the company posted strong quarterly results. The financial software provider reported non-GAAP earnings of $2.50 per share for its first quarter of fiscal 2025, outperforming the Zacks Consensus Estimate by 5.93% and improving by 1.2% from the same period last year. The enhanced earnings performance has energized investor confidence, contributing to the stock's rise.

Accompanying its robust earnings, Intuit achieved a total revenue of $3.28 billion, which exceeded expectations by 4.58% and represented a 10% year-over-year increase. The company's Global Business Solutions Group recorded revenues of $2.54 billion, thanks in part to a 20% surge in Online Ecosystem revenues. Additionally, Credit Karma, one of Intuit's key segments, reported a 29% year-over-year revenue increase, reaching $524 million due to strong performances in credit cards, personal loans, and auto insurance, as highlighted by Nasdaq.com.

Further strengthening its position, Intuit affirmed its fiscal year 2025 guidance with a projected revenue range of $18.160 billion to $18.347 billion, reflecting a 12-13% growth. The company also announced a quarterly dividend of $1.04 per share, marking a 16% increase, alongside a stock repurchase of $570 million. These strategic moves, together with strong financial results, appear to have played a role in stimulating investor interest and positively affecting Intuit's stock price.

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