Intuit shares fall 2% despite Q4 beat

This post was originally published on this site

Q4 EPS came in at $1.65, better than the consensus estimate of $1.43. Revenue grew 12% year-over-year to $2.7 billion, beating the consensus estimate of $2.64B.

“We had a very strong fourth quarter, ending the year with momentum, as we executed on our strategy to be the global AI-driven expert platform powering prosperity for consumers and small businesses,” said CEO Sasan Goodarzi.

For Q1/24, the company expects EPS in the range of $1.94-$2.00, compared to the consensus of $1.99. Revenue growth is expected to be in the range of 10-11%.

For the full year, the company sees EPS at $16.17-$16.47, compared to the consensus of $15.95, and revenue of $15.89-$16.105B, compared to the consensus of $15.99B.