Intuit (NASDAQ:INTU) Fiscal Q3 Adjusted Earnings, Revenue Advance; Lifts Fiscal 2023 Outlook

Intuit (NASDAQ:INTU) reported fiscal Q3 adjusted net income  of $8.92 per diluted share, up from $7.65 a year earlier.

Analysts polled by Capital IQ expected $8.49.

Revenue for the quarter ended April 30 was $6.02 billion, up from $5.63 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.09 billion.

The TurboTax maker said it expects fiscal Q4 adjusted EPS of $1.43 to $1.48 on revenue growth of 9% to 10%. Analysts polled by Capital IQ are looking for adjusted EPS of $1.51 and revenue of $2.45 billion.

The company said it now expects fiscal 2023 adjusted EPS of $14.20 to $14.25. That compares with $13.59 to 13.89 previously. Revenue for the fiscal year is now expected to be $14.28 billion to $14.32 billion, the company said. That compares with $14.04 billion to $14.25 billion previously.

Additionally, Intuit said it has maintained its quarterly dividend of $0.78 per share, payable July 18.

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