MW Intuit shares jump after results top estimates amid key tax season
By Bill Peters
CEO cites 'great progress' of tax-prep software's 'AI-driven expert platform'
Tax-preparation software provider Intuit Inc. on Tuesday reported quarterly results that topped Wall Street's estimates, while forecasting third-quarter sales that were also above expectations.
Intuit shares $(INTU)$ rose 6% after hours on Tuesday.
The company, which owns TurboTax and Credit Karma, reported adjusted earnings per share of $3.32 for its fiscal second quarter, above FactSet analyst estimates for $2.57. Revenue of $4 billion also beat expectations for $3.8 billion.
For its fiscal third quarter, Intuit forecast $7.55 billion to $7.6 billion in sales, above analyst estimates for $7.52 billion. The company said it expects adjusted earnings of $10.89 to $10.95 a share, below analyst expectations for $11.51.
The results arrive amid the 2025 tax-filing season, a key period for the company. Intuit stuck with its full-year forecast.
"We are making great progress fueling the financial success of consumers, businesses, and accountants with our AI-driven expert platform," Sasan Goodarzi, Intuit's chief executive officer, said in a statement. "Intuit Assist is delivering 'done-for-you' experiences to complete tasks, automate end-to-end workflows, and connect customers to AI-powered human experts, powering their prosperity."
-Bill Peters
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February 25, 2025 17:30 ET (22:30 GMT)
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