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Intuit shares fell 6% in extended trading after issuing a revenue forecast for the current quarter below expectations, citing delayed sales. Intuit's Q1 adjusted earnings and revenue both surpassed analyst expectations. Revenue rose 10% year-over-year, though net income fell. Second-quarter guidance reflects a single-digit decline in consumer segment revenue due to TurboTax promotional changes. CEO Sasan Goodarzi expressed optimism about economic conditions improving in 2025, despite current challenges.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intuit shares fell 6% in extending trading after issuing a revenue forecast for the current quarter
00:07below expectations, citing delayed sales.
00:10Intuit's Q1-adjusted earnings and revenue both surpassed analysts' expectations.
00:14Revenue rose 10% year-over-year, though net income fell.
00:18Second-quarter guidance reflects a single-digit decline in consumer segment revenue
00:22due to TurboTax promotional changes.
00:24CEO Sasson Goddard expressed optimism about economic conditions improving in 2025,
00:30despite current challenges.

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