KOIN - Intuit's Q3 Earnings Digest: Diversification For The Win

• Intuit posted strong Q3 results, beating the top and bottom lines and raising full year guidance.
• Intuit’s stock saw a strong positive reaction to these earnings, although if we zoom out, there’s still a long way to go until ATH.
• The strong performance was driven by Credit Karma and the Small Business and Self-Employed group.
• The consumer group performed well, but there are several headwinds that might impact it temporarily over the next quarters.
• Management gave a pretty convincing reply when asked about how Intuit would fare in a recession. We share it here.

For further details see: