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Intuit Shares Surge 8% on Q3 Beat
May 26, 2022 2:04 AM - Davit Kirakosyan
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Intuit Inc. (NASDAQ:INTU) shares closed more than 8% higher on Wednesday following the company’s reported Q3 results, with revenue growing 35% year-over-year to $5.6 billion, better than the consensus estimate of $5.51 billion. EPS was $7.65, compared to the consensus estimate of $7.58.
Small Business segment revenue grew 42% year over year and Credit Karma revenue grew 48% year over year.
Given the strong Small Business/Credit Karma performance, the company increased its full 2022 adjusted EPS growth guidance from 18-20% to 20-21% year-over-year to $11.68-11.74.
For the Q4, the company anticipates non-GAAP diluted EPS to range from $0.94 to $1.00 and revenue to be down around 8-9%.
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