5 Key Earnings Reports to Watch

3. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 82

Shares of Intuit Inc. (NASDAQ:INTU) turned red on Friday, February 25, 2022, after posting its fiscal second-quarter profit and sales below expectations. The California-based software company reported adjusted earnings of $1.55 per share, well above 68 cents per share in the year-ago period.

In addition, Intuit Inc. (NASDAQ:INTU) posted revenue of $2.7 billion, up 70 percent on a year-over-year basis. The results showed substantial improvement from the year-ago quarter but missed expectations of $1.85 per share for earnings and $2.73 billion for revenue.

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Looking forward, Intuit Inc. (NASDAQ:INTU) expects adjusted earnings in the range of $11.48 – $11.64 per share for its FY 2022, representing year-over-year growth of 18 – 20 percent.

Speaking on the results, CEO Sasan Goodarzi said:

“We see continued strong momentum across the company as we focus on our mission to power prosperity and solve our customers’ biggest financial problems. Our platform continues to thrive as digitization is more important now than ever.”