Intuit (INTU) Q3 results miss estimates; revenue up 39%

Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher earnings and revenues for the third quarter of 2021. But the results missed Wall Street’s estimates. At $4.17 billion, third-quarter revenues were up 39% from the year-ago period but below experts’ projection. The topline benefitted from double-digit growth across all business segments. As a result, adjusted […]

$INTU May 25, 2021 1 min read

NYSE

$INTU · Earnings

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Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher earnings and revenues for the third quarter of 2021. But the results missed Wall Street’s estimates. At $4.17 billion, third-quarter revenues were up 39% from the year-ago period but below experts’ projection. The topline benefitted from double-digit growth across all business segments. As a result, adjusted […]
· May 25, 2021

Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher earnings and revenues for the third quarter of 2021. But the results missed Wall Street’s estimates.

Intuit Q3 2021 earnings infographic

At $4.17 billion, third-quarter revenues were up 39% from the year-ago period but below experts’ projection. The topline benefitted from double-digit growth across all business segments.

As a result, adjusted earnings jumped to $6.07 per share from $4.49 per share in the third quarter of 2020 but missed the consensus forecast. Net income, including one-off items, was $1.46 billion or $5.30 per share, compared to $1.1 billion or $4.11 per share last year.

Read management/analysts’ comments on Intuit’s Q3 results

Intuit’s shares rose to an all-time high this week, after gaining 6% since the beginning of the year. The stock closed Tuesday’s trading lower.