Intuit Inc.'s stock saw a slight uptick of nearly 1% during extended trading on Tuesday following the release of their quarterly results. The software company reported earnings that surpassed analyst expectations in both revenue and earnings.
Strong Quarterly Performance
For the fiscal first quarter, Intuit reported net earnings of $241 million, or 85 cents per share, compared to $40 million, or 14 cents per share, in the same quarter of the previous year. Adjusted earnings came in at $2.47 per share. The company generated $2.98 billion in revenue, surpassing the $2.6 billion recorded in the corresponding quarter the previous year. Analysts surveyed by FactSet had estimated average net earnings of $1.98 per share on revenue of $2.88 billion.
Positive Market Response
Following the impressive earnings report, Intuit's stock has experienced a significant boost...
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