Market Overview

Intuit up 6.3% on Strong Q2 Earnings

Intuit (NASDAQ: INTU) is trading higher on the session following its Q2 earnings announcement yesterday. The company reported EPS of $0.51 vs $0.45 estimate revenues of $1.02 billion vs $1.01 billion estimate.

Brad Smith, Intuit's president and chief executive officer: “We had a strong second quarter and have built solid momentum through the first half of the fiscal year, with revenue growing double-digits, driven by our core businesses. We are on track to deliver the revenue guidance we set for the full year, and we raised our guidance for fiscal 2012 operating income and EPS.”

Intuit is currently trading at $61.15, a gain of $3.63 or 6.31%.

Posted-In: Intraday Update Movers

 

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