Investing.com - Intuit (NASDAQ:INTU) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intuit announced earnings per share of $1.97 on revenue of $2.56B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $2.31B.
Intuit shares are up 45% from the beginning of the year and are trading at $553.98 , down-from-52-week-high.They are outperforming the S&P 500 which is up 19.46% from the start of the year.
Intuit follows other major Technology sector earnings this month
Intuit's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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