Intuit Fiscal Q1 Non-GAAP EPS, Revenue Rise; Fiscal 2025 Guidance Reiterated Shares Drop After Hours

4:17 PM ET 11/21/2024 - MT Newswires

Analysts polled by FactSet expected $2.36 excluding certain items.

Revenue in the quarter ended Oct. 31 rose to $3.28 billion from $2.98 billion a year earlier.

Analysts surveyed by FactSet expected $3.14 billion.

For fiscal Q2, the company expects non-GAAP EPS of $2.55 to $2.61 on revenue of $3.81 billion to $3.85 billion. Analysts polled by FactSet expect $3.25 and $3.88 billion, respectively.

Intuit reiterated its fiscal 2025 guidance with non-GAAP EPS of $19.16 to $19.36 on revenue of $18.16 billion to $18.35 billion. Analysts expect non-GAAP EPS of $19.33 on revenue of $18.27 billion.

The company kept its quarterly dividend steady at $1.04 a share, payable on Jan. 17.

Company shares fell almost 6% in recent after-hours activity.

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