Intuit Shares Up 10% Following Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/INTU'>Intuit Inc. (NASDAQ:INTU) </a>shares closed 10.08% higher on Friday following the company’s reported Q1 results, with total revenue/adjusted operating income/EPS growing 52%/66%/63% year-over-year, respectively, all exceeding the Street estimates. </p>
<p>The relatively resilient Consumer (primarily TurboTax)/ProConnect segments were consistent with expectations in seasonally-light F1Q, while the Small Business segment was the primary Q1 upside driver with Credit Karma also contributing. Emerging from a relatively moderate pandemic-driven lull, Small Business segment Q1 revenue grew 22% year-over-year. </p>
<p>On the Q1 outperformance/recent acquisition of Mailchimp, Intuit increased its 2022 total revenue growth guidance to 26-28% year-over-year, better than the consensus estimate.</p>

NASDAQ:INTU