Investing.com - Intuit (NASDAQ:INTU) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intuit announced earnings per share of $7.65 on revenue of $5.63B. Analysts polled by Investing.com anticipated EPS of $7.58 on revenue of $5.51B.
Intuit shares are down 44% from the beginning of the year and are trading at $371.38 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 27.88% from the start of the year.
Intuit shares gained 3.46% in after-hours trade the report.
Intuit follows other major Information Technology sector earnings this month
Intuit's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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