Intuit Earnings, Revenue Beat in Q4
2022.08.23 23:09
Intuit Earnings, Revenue Beat in Q4
Investing.com – Intuit (NASDAQ:INTU) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Intuit announced earnings per share of $1.1 on revenue of $2.41B. Analysts polled by Investing.com anticipated EPS of $0.986 on revenue of $2.34B.
Intuit shares are down 30% from the beginning of the year, still down 37.29% from its 52 week high of $716.86 set on November 19, 2021. They are under-performing the S&P 500 which is down 13.41% from the start of the year.
Intuit shares gained 3.28% in after-hours trade following the report.
Intuit follows other major Information Technology sector earnings this month
Intuit’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
