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Investing.com - Intuit (NASDAQ:INTU) reported first quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.29 on revenue of $1.01B. Analysts polled by Investing.com forecast EPS of $0.11 on revenue of $969.24M. That compared to EPS of $0.11 on revenue of $886.0M in the same period a year earlier. The company had reported EPS of $-0.01 on revenue of $864M in the previous quarter.
For the year, Intuit shares are up 26.28%, outperforming the S&P 500 which is up 0.26% year to date.
Intuit follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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