secwatch.observer — SEC 8-K summary
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Issuer:     INTUIT INC. (INTU)
CIK:        0000896878
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0000896878-22-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuit Q1 revenue $2.6B (+29% YoY); GAAP EPS $0.14 vs $0.82; reiterates FY guidance
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- Total revenue $2.597B, up 29% (13 pts from Mailchimp); GAAP EPS $0.14, down 83% YoY.
- Small Business & Self-Employed revenue $2.0B, up 38% (19% ex-Mailchimp); Credit Karma $425M, up only 2%.
- Credit Karma saw "continuing deterioration across all verticals" in late Q1; Intuit reiterates FY operating income and EPS guidance.
- Non-GAAP EPS $1.66, up 8% YoY; Non-GAAP operating income $662M, up 19%.
- Board approved $0.78/share cash dividend, payable Jan 18, 2023 to holders of record Jan 10, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896878/000089687822000035/0000896878-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896878/000089687822000035/intu-20221129.htm
  HTML page:      https://secwatch.observer/filing/0000896878-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer