Intuit Q4 2022 earnings infographic


Financial technology company Intuit Inc. (NASDAQ: INTU) reported lower earnings and revenues for the fourth quarter of 2022. However, the results beat Wall Street’s estimates.

At $2.41 billion, fourth-quarter revenues were down 6% from the year-ago period but came in above experts’ projections. The top line was negatively impacted by weakness in the Consumer Group and ProConnect segments.

Adjusted earnings decreased to $1.10 per share in the latest quarter from $1.97 per share in the fourth quarter of 2021 but exceeded the forecast. On an unadjusted basis, it was a net loss of $56 million or $0.20 per share, compared to a profit of $380 million or $1.37 per share last year.

Check this space to read management/analysts’ comments on Intuit’s Q4 results

Intuit’s shares closed Tuesday’s regular session higher and continued the uptrend during the extended session soon after the earnings announcement.

Prior Performance


Image and article originally from Read the original article here.