Intuit Q2 results top consensus, while Q3 guidance comes in soft
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Intuit (NASDAQ:INTU) posted on Thursday better-than-expected fiscal Q2 earnings, repeated its full-year guidance, and expects Q3 non-GAAP earnings to fall short of the average Wall Street estimate.
The provider of TurboTax, Credit Karma, QuickBooks and Mailchimp expects Q3 adjusted EPS of $8.42-$8.49, less than the average analyst estimate of $8.91.
Fiscal Q2 adjusted EPS of $2.20, vs. the average analyst estimate of $1.44, compared with $1.66 in the prior quarter and $1.55 in the year-ago quarter.
Revenue of $3.04B for the quarter ended Jan. 31, 2023, beating the $2.91B consensus, rose from $2.60B in Q1 and from $2.67B in Q2 FY2022.
Credit Karma revenue of fell 16%Y/Y to $375M in Q2, driven by headwinds in personal loans, home loans, auto insurance and auto loans, partly offset by growth in credit cards and Credit Karma Money.
Small Business and Self-Employed Group revenue rose 20% Y/Y to $1.9B, while Online Ecosystem revenue increased 24% 
ProTax Group revenue rose 7% to $253M. 
Earlier, Intuit non-GAAP EPS of $2.20 beats by $0.76, revenue of $3.04B beats by $130M