Investing.com - Intuit (NASDAQ:INTU) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intuit announced earnings per share of $1.16 on revenue of $1.70B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $1.68B. That with comparison to EPS of $1 on revenue of $1.5B in the same period a year before.Intuit had reported EPS of $0.41 on revenue of $1.17B in the previous quarter.Analysts are expecting EPS of $6.17 and revenue of $3.59B in the upcoming quarter.
Intuit shares are up 9.46% from the beginning of the year and are trading at $286.71 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.54% year to date.
Intuit follows other major Technology sector earnings this month
Intuit's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Alphabet C had beat expectations on Monday, February 3, 2020 with fourth quarter EPS of $15.35 on revenue of $46.08B, compared to forecast for EPS of $12.49 on revenue of $46.93B.
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