Intuit Expects Credit Karma Deal to be Modestly Dilutive to Adjusted. EPS
By Allison Prang
Intuit Inc. said it expects its deal to buy Credit Karma to
modestly dilute adjusted earnings per share this fiscal year, but
still thinks it will be accretive over time.
Intuit said it expects the deal to be neutral to modestly
dilutive to adjusted earnings in the first full fiscal year after
the deal closes next fiscal year.
The company said Credit Karma hit "a low point" over the summer
but its revenue run-rate last month was almost back to what it was
before the pandemic.
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(END) Dow Jones Newswires
November 19, 2020 16:47 ET (21:47 GMT)
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