Intuit: revenue, profit missed forecasts in Q3
Company Intuit has released on Thursday the results report in the third quarter which disappointed analysts. Income figure fell short of forecasts.
The company announced earnings per share of $ 4,49 $, income was 3.00 B $. Analysts polled Investing.com, assumed in the projections that earnings per share will be 4,78 $, and the total income will amount to 3.08 B $ compared to earnings per share of 5.55 $ with a total revenue of 3.27 B $ in the same period a year earlier, the company reported earnings per share in the amount of 1.16 $ with a total revenue of 1.7 B $ in the previous quarter.
This year, the value of the shares of Intuit, a rise of 10%, showed better results than in General according to the Nasdaq, rising 2% since the beginning of the year.
Intuit follows the General trend of companies in the sector of “Technology” this month
On 29 April, Microsoft reported third quarterly report for 1.40 $, the profit is made up of 35.02 B $, compared to forecasts for income per share $ 1.27 $ at the total income 33,66 B $
Apple surpassed analysts ‘ expectations in April 30 in the second quarter, quarterly earnings per share of 2.55 $ for a total profit 58,31 B $ Analysts Investing.com earlier it was predicted that earnings per share will be 2,24 $ in total income 54,78 B $
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