Tiffany Hagler-Geard | Bloomberg | Getty Pictures
Intuit on Thursday reported quarterly outcomes that beat analysts’ estimates and issued stronger-than -expected steering for the complete 12 months. The inventory rose about 4% in prolonged buying and selling.
Here is how the corporate did in comparison with analysts’ estimates compiled by LSEG:
- Earnings per share: $11.65 adjusted vs. $10.91 anticipated
- Income: $7.8 billion vs. $7.56 billion anticipated
Income within the fiscal third quarter elevated 15% from $6.7 billion a 12 months in the past. Intuit is finest identified for its TurboTax and QuickBooks software program. The newest quarter ended on April 30, two weeks after the deadline for submitting tax returns within the U.S.
For its full fiscal 12 months, Intuit mentioned it expects to report income of $18.72 billion to $18.76 billion, up from the vary of $18.16 billion to $18.35 billion it shared final quarter. Analysts have been anticipating $18.35 billion, in response to LSEG.
Intuit will host its quarterly name with traders at 4:30 p.m. ET.
WATCH: Cramer interview with Intuit CEO Sasan Goodarzi
