Intuit Inc.
late Thursday beat Wall Street expectations for its fiscal second quarter and announced the retirement of its longtime chief financial officer. Intuit earned $168 million, or 60 cents a share, in the quarter, compared with $100 million, or 35 cents a share, in the year-ago period. Adjusted for one-time items, Intuit earned $2.20 a share. Revenue rose 14% to $3 billion, the company said. Analysts polled by FactSet expected adjusted EPS of $1.47 on revenue of $2.9 billion.
late Thursday beat Wall Street expectations for its fiscal second quarter and announced the retirement of its longtime chief financial officer. Intuit earned $168 million, or 60 cents a share, in the quarter, compared with $100 million, or 35 cents a share, in the year-ago period. Adjusted for one-time items, Intuit earned $2.20 a share. Revenue rose 14% to $3 billion, the company said. Analysts polled by FactSet expected adjusted EPS of $1.47 on revenue of $2.9 billion.