Intuit posted a rise in third-quarter revenue and raised its annual forecasts on Thursday, as the maker of tax filing software TurboTax benefited from demand for its AI-integrated products during a robust tax season. The company's tax-preparation software, personal finance portal Credit Karma and accounting software QuickBooks are in demand from small businesses and individuals for managing their finances. Intuit also offers AI-powered Intuit Assist, which is embedded across its products and helps small businesses and customers to make financial decisions with personalized recommendations.
Intuit (INTU) delivered earnings and revenue surprises of 5.78% and 1.54%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
Financial software firm Intuit beat Wall Street's targets for its fiscal third quarter but offered mixed guidance for the current period.