Intuit (INTU), the company behind TurboTax and Credit Karma, reported fiscal third quarter results that topped Wall Street estimates on both the top and...
For the full year, Intuit raised its revenue forecast and issued better-than-expected earnings guidance. However, its earnings outlook for the fourth quarter fell short of analyst expectations, with the company expecting adjusted earnings per share of $1.80 to $1.85 versus an estimate of $1.93.
So an executive change something that analysts are making note of here this morning and then also, when it comes to TurboTax, they higher price TurboTax clients that did help boost sales during the tax season.Barclays calling it out in their, uh, quick reaction to this print and that competition for these lower paying and free customers raises some questions that could concern investors here down the line.
And the credit karma piece is interesting, especially at a time where so many consumers as we're looking across household balance sheets and continue to talk, especially on wealth, small pitch about the amount of people who are tapping or swiping their credit cards, and how credit card debt is at high levels right now, all time high levels that we've been tracking up against the number of people that are trying to figure out OK, how do I make sure that my credit is in good standing on...
The Bank of Canada may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the recent trend of a slowing economy and continued easing of inflation, some economists said. Some economists justify the markets hesitation to lock in a June cut by arguing the central bank will have two more sets of inflation, GDP and jobs data to make a more informed decision by waiting till July 24, rather than moving on June 5.
Intuit Credit Karma Earnings Per Share Brad Smith
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