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INTU
CNBC
88 days

Intuit shares pop 9% on earnings beat, rosy guidance

1. Intuit shares rose 9% after positive quarterly results and guidance. 2. Revenue increased 15% to $7.8 billion; net income rose 18%. 3. Analysts predict $18.72-$18.76 billion revenue for the fiscal year. 4. Goldman Sachs and Deutsche Bank raised price targets to $860 and $815. 5. Intuit's AI strategy is enhancing growth potential across its platforms.

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FAQ

Why Very Bullish?

Beating estimates and strong guidance show robust company performance. Past examples include significant growth following innovative product releases.

How important is it?

The article highlights significant earnings outperformance and promising future guidance, likely affecting investor sentiment.

Why Long Term?

Sustained growth and AI advancements signal a favorable long-term trajectory, similar to growth post-Cloud transition in tech firms.

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