Intuit (NASDAQ:INTU) shares gapped up 5.88% in Tuesday after-hours trading following the small business, tax software and credit monitoring company's stronger-than-forecasted fiscal Q4 results.
For its fiscal 2023, Intuit (INTU) is expecting total revenue to be $14.49B-14.7B, compared with Wall Street consensus of $14.5B.
It sees 2023 adjusted operating income of $5.26B-5.4B, growing at a rate of approximately 17% to 19%.
EPS is targeted to be $13.59-13.89 in 2023 vs. the consensus of $13.85.
The company expects its Small Business and Self-Employed Group segment revenue to grow 19% to 20% in 2023; Consumer Group revenue to climb 9% to 10%; ProConnect Group to edge up 3%; and Credit Karma revenue growth to be 10% to 15%.
Meanwhile, Q4 adjusted EPS of $1.10 exceeded the average analyst estimate of $0.98 but fell from $1.97 a year before.
Q4 revenue of $2.4B also surpassed the consensus of $2.33B but slid from $2.6B in Q4 2021.
Total costs and expenses rose to $2.5B at the end of July from $2.2B at July 31, 2021.
Also, the company's board of directors approved a quarterly dividend of $0.78 per share, payable October 18, representing a Y/Y increase of 15%.
Earlier, Intuit Non-GAAP EPS of $1.10 beats by $0.12, revenue of $2.41B beats by $80M.