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 and are trading at $464.29 , down-from-52-week-high.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 the report.
Intuit follows other major Information Technology sector earnings this month
Intuit's report follows an earnings beat by Apple on Thursday, July 28, 2022, 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 Tuesday, July 26, 2022 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.
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