FMP
May 24, 2024 10:19 AM - Davit Kirakosyan
Intuit raised its full-year guidance after reporting fiscal third-quarter results that exceeded expectations. Despite this, Intuit (NASDAQ:INTU) saw its stock drop by over 6% in pre-market today.
The company reported earnings per share of $9.88 on revenue of $6.74 billion, significantly surpassing analyst estimates of $9.38 EPS on $6.65 billion in revenue.
CEO Sasan Goodarzi highlighted the transformative impact of AI, stating that Intuit's strategy to become a global AI-driven expert platform is delivering significant benefits for customers and strong company-wide results.
For the future, Intuit updated its guidance, expecting adjusted earnings between $16.79 and $16.84, representing about 17% growth, up from the previous forecast of 12% to 14% growth. Revenue is projected to range from $16.16 billion to $16.2 billion, indicating approximately 13% growth, up from the prior guidance of 11% to 12% growth.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...