By Yasin Ebrahim
Investing.com - Intuit (NASDAQ:INTU) reported on Thursday second quarter results that missed analysts' forecasts as higher marketing and research and development costs held back growth.
The maker of accounting software announced earnings per share of $1.55 on revenue of $2.67 billion. Analysts polled by Investing.com anticipated EPS of $1.85 on revenue of $2.73 billion.
Selling and marketing costs jumped to $942 million from $580 million.
Looking ahead, the company said it expects fiscal third quarter EPS of $7.51 to $7.57, above analysts forecasts for $7.15.
For the full-year fiscal 2022, Intuit said it continues to expect adjusted EPS of $11.48 to $11.64 on revenue of $12.17 billion to $12.3 billion.
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