I was joking the other day about some of these software companies that do we need them anymore because of AI. Into it comes out here today. Uh earnings and revenue uh both for their case below expectations.
Well, Nothing against Turboax or uh money, what is it called? Budget money or whatever they just bought, you know, before. Okay, fine. But do we need it anymore? If I'm able to spend $10 in AI tokens and generate the same thing as soon as we get past the security issues, man, I just don't know if that's some I I don't know how they fight through that, to be honest.
you know, into it had earnings. Where is our Into It puppy? I want to see how they're ending because they tanked like 11% after earnings and they actually are only down 3.6% now.
Next up guys into some earnings. Now earnings reactions on Intuit yesterday. They reported earnings yesterday after hours and declined nicely to open the day down here in the low 320 range but closed all the way back up here at $345.
The initial reaction after hours as you can see if I flipped to the 10-minute chart in this extended trading hours. Look at this. We dropped all the way down here to just over $300.
This stock is growing earnings per share 20% year-over-year. Its revenue is up nearly 14% year-over-year. And they just announced another 15% dividend increase. They've grown that dividend 300% over the past 10 years, which is a 14.8% compound annual growth rate.
The company just reported earnings and they beat Consensus by 12.6% on earnings per share. Yet, the stock sold off 5% the next day.
Big earnings report of the week. talked about the same light obviously into it beats. In it net revenue coming in at 4.35 billion versus 4.27.
Of course, the stock is actually falling on it. That's usual. That's like Oh, here we go. Here's the forecast. closing out the trading. Uh forecast comes in at a midpoint a little bit below 2351 divided by or 2351 minus 2328.23 plus 23.28 51 divided by 23.82. So it comes in at about a 1.3% miss on into it.
In today's video, I'm going to give you my thoughts on this upcoming earnings week, the stocks I'll be watching and that I'll likely cover in detailed follow-up videos that includes an extended look at Nvidia and some beaten down software stocks that could be value plays companies like Inuit and Salesforce.
Uh you got Intuit after hours, which I'd be interested in. Aren't you just a little bit curious like how they see their relevance in this AI world? Uh obviously it's a great product if you use it.
It's fine, but software as a service 10 years from now.
