Investing.com - Intuit (NASDAQ:INTU) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intuit announced earnings per share of $1.66 on revenue of $2.6B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $2.5B.
Intuit shares are down 40% from the beginning of the year and are trading at $379.71 , down-from-52-week-high.
Intuit follows other major Information Technology sector earnings this month
Intuit's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar