By Yasin Ebrahim
Investing.com - Intuit reported on Tuesday fourth-quarter results that topped analysts' forecasts as the financial software company benefited from strong customer growth.
Intuit (NASDAQ:INTU) was up 5% in after-hours trade.
Intuit announced earnings per share of $1.81 on revenue of $1.82B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $1.56B.
Intuit shares are up 37% from the beginning of the year, still down 0.10% from its 52-week high of $337.23 set on August 25. They are outperforming the Nasdaq 100 which is up 34.22% from the start of the year.
TurboTax online and total TurboTax units increased 11%, the highest customer growth in four years.
"We had an outstanding tax season, growing the Do-It-Yourself (DIY) category overall as well as our share of total returns, while posting the strongest customer growth in four years. TurboTax Live had another great season, as we made significant progress in our effort to transform the assisted category," said Chief Executive Sasan Goodarzi.
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