Intuit Inc. (NASDAQ:INTU) is set to report growth on the top and bottom lines for the quarter ended in October when it hands down its latest financial report on Tuesday, November 28.
For the first quarter of fiscal 2024, the provider of financial and business management services and software expects to report year-over-year revenue growth of 10% to 11% and adjusted earnings per share (EPS) in the range of $1.94 to $2.
This compares to revenue of $2.6 billion and adjusted EPS of $1.66 in 1Q fiscal 2023.
Wall Street analysts expect Intuit to report results in line with its guidance, forecasting revenue to grow 10.7% to $2.87 billion and adjusted EPS of $1.98.
Intuit shares traded finished Wednesday’s trading day at US$564.23. The stock has added 44.2% so far in 2023.
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