Latest news with #April15
CNA
6 days ago
- Business
- CNA
Intuit forecasts strong quarterly profit after tax season boost
(Corrects typo in paragraph 1) By Jaspreet Singh Intuit forecast fourth-quarter revenue and profit above Wall Street estimates on Thursday, signaling growing demand for its artificial intelligence-driven financial management tools and sending its shares up more than 5 per cent in extended trading. The tax filing season in the U.S. from January 27 to April 15 also helped the company report upbeat third-quarter results as many taxpayers used Intuit's software to file their federal income-tax returns. Intuit provides financial management and compliance products such as its tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. The company said it would launch AI agents, systems which can take actions for users, in the coming weeks and add these agents into its QuickBooks product portfolio. "These agents are going to be incorporated into the lineup... we are going to be revamping our lineup. There's going to be a new lineup, and as part of that, we will have price changes," CFO Sandeep Aujla told Reuters. In addition to the core portfolio, there will be options where customers can choose specific agents based on their needs, such as an accounting agent or a finance agent, and pay for them separately, he said. Intuit forecast fourth-quarter revenue between $3.72 billion and $3.76 billion, above analysts' average estimate of $3.51 billion, according to data compiled by LSEG. Adjusted profit per share expectations of $2.63 to $2.68 for the quarter ending July 31 also beat estimates of $2.59. Revenue for the third quarter ended April 30 rose 15 per cent to $7.75 billion, beating estimates of $7.56 billion. The adjusted profit per share of $11.65 also exceeded estimates of $10.91. Intuit also lifted fiscal 2025 forecasts. The company expects revenue growth of about 15 per cent, up from its prior forecast of 12 per cent to 13 per cent. The company said its total TurboTax Online units, number of individual online tax returns filed using the platform, are expected to decline about 1 per cent in fiscal 2025, while the paying units are expected to grow 6 per cent.
Washington Post
14-05-2025
- Business
- Washington Post
Help! My son's Social Security number was stolen. Now he has a fake W-2.
For many, the anxiety around taxes extends beyond the traditional April 15 deadline. As official notices from the IRS begin to arrive, a different kind of worry takes hold — the unsettling prospect of an unresolved issue, an unexpected tax bill, or questions about a return. This was the case with two readers calling into my Ask Post line looking for advice. One involved a late return; the other, an erroneous W-2.
