Investing.com - Intuit (NASDAQ:INTU) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Intuit announced earnings per share of $4.49 on revenue of $3.00B. Analysts polled by Investing.com anticipated EPS of $4.78 on revenue of $3.08B. That with comparison to EPS of $5.55 on revenue of $3.27B in the same period a year before.Intuit had reported EPS of $1.16 on revenue of $1.7B in the previous quarter.Analysts are expecting EPS of $0.9 and revenue of $1.47B in the upcoming quarter.
Intuit shares are up 10% from the beginning of the year and are trading at $290.05 , down-from-52-week-high.They are outperforming the Nasdaq which is up 2.71% year to date.
Intuit follows other major Technology sector earnings this month
Intuit's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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