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Intuit Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

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© Reuters.Ituit Earnings, Revenue Beat in Q1

Investing.com – Intuit (NASDAQ:) Thursday’s first quarter report showed revenue exceeding expectations and surpassing analysts’ predictions.

Intuit posted earnings per share (EPS) of $1.53 for revenue of $2.01B. Investing.com polled analysts and predicted EPS at $0.9715 for revenue $1.81B.

Intuit shares rose 65% over the first of the year but are down 2.51% from their 52-week peak of $646.48, which was set on November 16th. They are outperforming the S&P 500 which is up 25.29% from the start of the year.

Ituit reports on other notable earnings from the Information Technology industry this month

Intuit reports on the earnings match by Apple, which reported EPS at $1.24 per share on revenues of $83.36B on October 28. This compares to Apple’s forecasts of EPS at $1.24 for revenue of $85.05B.

Microsoft beat all expectations with a first quarter earnings per share of $2.27 on revenues of $45.32B. This compares to a forecast of EPS at $2.08 for revenue of $44B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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