Intuit, Axon Enterprise, Vertiv And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Sarat Sethi, DCLA managing partner and portfolio manager, said Intuit Inc. (NASDAQ:INTU) reported great earnings.

Intuit reported third-quarter revenue of $7.75 billion on May 22, beating analyst estimates of $7.56 billion, according to Benzinga Pro. The QuickBooks and TurboTax parent company reported third-quarter adjusted earnings of $11.65 per share, beating analyst estimates of $10.91 per share.

Malcolm Ethridge, executive vice president at CIC Wealth Management, named First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) his final trade.

Supporting his view, Westinghouse Air Brake, on April 23, reported better-than-expected first-quarter adjusted EPS results and raised its FY25 earnings guidance.

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Stephanie Link, chief investment strategist and portfolio manager at Hightower, picked Vertiv Holdings Co (NYSE:VRT) as her final trade.

Vertiv Holdings, on April 23, said first-quarter net sales rose 24% year-over-year (Y/Y) to $2.04 billion, beating the consensus of $1.94 billion. Organic sales increased 25% Y/Y in the quarter. For FY25, Vertiv raised revenue guidance to $9.325 billion-$9.575 billion (from $9.125 billion – $9.275 billion) vs. consensus of $9.19 billion and adjusted EPS to $3.45-$3.65 (from $3.50 – $3.60) vs. consensus of $3.54.

Joseph Terranova, senior managing director of Virtus Investment Partners, named Axon Enterprise, Inc. (NASDAQ:AXON) his final trade.

On the earnings front, Axon reported first-quarter revenue of $603.63 million on May 7, beating analyst estimates of $583.76 million. The company reported first-quarter adjusted earnings of $1.41 per share, beating analyst estimates of $1.27 per share, according to Benzinga Pro.

Price Action:

• Intuit shares gained 0.3% to close at $754.45 on Wednesday.
• First Trust NASDAQ Cybersecurity ETF fell 1.4% on Wednesday..
• Vertiv shares fell 0.5% to settle at $109.22 during the session.
• Axon Enterprise shares gained 0.7% to close at $751.00.

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