Intuit Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Q3 Guidance Issued, FY Outlook Affirmed

Intuit (INTU) reported fiscal Q2 non-GAAP earnings late Thursday of $2.63 per diluted share, up from $2.20 a year earlier.

Analysts polled by Capital IQ expected $2.31.

Total net revenue in the quarter ended Jan. 31 rose to $3.39 billion from $3.04 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.39 billion.

In fiscal Q3, the company expects non-GAAP diluted EPS of $9.31 to $9.38. Analysts polled by Capital IQ expect $9.70. Revenue in the quarter ending April 30 is expected to increase 10% to 11%.

In fiscal 2024, Intuit said it continues to expect non-GAAP diluted EPS of $16.17 to $16.47 on revenue of $15.89 billion to $16.11 billion. Analysts polled by Capital IQ expect normalized EPS of $16.39 on revenue of $16.05 billion.

The company maintained its quarterly dividend at $0.90 a share, payable April 18 to shareholders of record April 10.

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