Intuit Earnings, Revenue Miss in Q2 By


© Reuters. Intuit Earnings, Revenue Miss in Q2 – Intuit (NASDAQ:) reported on Tuesday second quarter that missed analysts’ forecasts and revenue that fell short of expectations.

Intuit announced earnings per share of $0.68 on revenue of $1.58B. Analysts polled by anticipated EPS of $0.9863 on revenue of $1.76B.

Intuit shares are up 4% from the beginning of the year, still down 5.99% from its 52 week high of $423.74 set on February 16. They are broadly in line with the Nasdaq which is up 4.48% 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 January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

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