By Yasin Ebrahim
Investing.com - Intuit (NASDAQ:INTU) reported on Tuesday fourth-quarter results, supported by ongoing demand for its suite of financial products.
Intuit was up 1% in aftermarket hours.
Intuit announced earnings per share of $1.97 on revenue of $2.56 billion. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $2.31 billion.
Combined platform revenue, which includes QuickBooks Online, TurboTax Online and Credit Karma, grew 39% to $6.6 billion. This included 18 points from the addition of Credit Karma this year.
Looking ahead, Q1 adjusted EPS was expected in the range of 94 cents to 99 cents, missing consensus of $1.15.
For fiscal 2022, the company guided adjusted EPS in the range of $11.05 to $11.25 on revenue of $11.05 billion to $11.20 billion, compared with Wall Street estimates for EPS of $10.76 on revenue of $10.29 billion.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88 billion, compared to forecast for EPS of $19.33 on revenue of $56.19 billion.
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