TurboTax-maker Intuit rises on reaffirming FY, Q1 targets

Shares of TurboTax-maker Intuit INTU.O up 4.62% to $693.30

Co reiterates FY revenue guidance range of $21 billion to $21.19 billion, compared with analysts' estimates of $21.15 billion, according to data compiled by LSEG

Co says it is prioritizing investments in Big Bets to drive durable growth over the long term, with a strategic focus on AI, according to a presentation

INTU also reiterates Q1 guidance, with adj. EPS forecast of $3.05 to $3.12, vs analysts' estimates of $3.09 per share

Co reaffirms FY adj. EPS forecast range of $22.98 to $23.18, in line with analysts' estimates of $23.18 per share

YTD, stock has risen ~8.5%, including session moves