Financial technology company Intuit Inc. (NASDAQ: INTU) Tuesday reported an increase in fourth-quarter adjusted profit, aided by double-digit growth in revenue. The numbers also exceeded Wall Street’s estimates.
At $2.56 billion, fourth-quarter revenues were up 41% from the year-ago period and above experts’ projection. The topline benefitted from strong growth in the main operating segments.
Adjusted earnings increased to $1.97 per share from $1.81 per share in the fourth quarter of 2020 and came in above the consensus forecast. Net income, including one-off items, was $380 million or $1.37 per share, compared to $445 million or $1.68 per share last year.
Intuit’s shares traded higher on Tuesday and closed the session at a record high. They gained further in the after-hours, soon after the earnings announcement.
Stocks you may like:
Shares of Dollar Tree Inc. (NASDAQ: DLTR) were down over 1% on Wednesday, a day after the company reported earnings results for the third quarter of 2022. Revenue and earnings
Target Corporation (TGT): A look at how the retail giant is shaping up against an inflationary backdrop
Shares of Target Corporation (NYSE: TGT) were up over 1% on Wednesday. The stock has dropped 30% year-to-date and 35% over the past 12 months. Last week the company reported
Zoom Video Communications (NASDAQ: ZM) expanded its customer base at an accelerated pace during the COVID crisis and soon became the preferred video conferencing platform for businesses and millions of