00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intuit reported adjusted earnings of $12.80 per share and revenue of $8.56 billion in the third
00:09quarter, topping estimates of $12.28 per share and $8.53 billion. The company raised its full
00:17year revenue outlook to $21.34 billion to $21.37 billion, above estimates of $21.23 billion.
00:26It also lifted adjusted EPS guidance to $23.80 to $23.85 from $22.98 to $23.18 versus
00:36estimates of $23.20. BAFA securities analyst Tal Liani reinstated coverage with a buy rating
00:44and a $400 price target, citing the company's operating margin of approximately 40% and free
00:51cash flow margin of approximately 35%. Liani expects online services growth of 17% to 19%
00:59through 2028, driven by Enterprise Suite and QuickBooks Advanced Expansion into mid-market
01:05customers. Shares were up 0.97% at $307.30 at the time of publication on Wednesday.
01:13For all things money, visit Benzinga.com.
Comments