By Yasin Ebrahim
Investing.com - Intuit (NASDAQ:INTU) reported second-quarter results on Tuesday that fell short of expectations as higher costs weighed on performance.
Intuit announced earnings per share of 68 cents on revenue of $1.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $1.76 billion.
Intuit shares are up 4% from the beginning of the year, still down 5.99% from its 52-week high of $423.74 set on February 16. They are broadly in line with the Nasdaq, which is up 4.48% from the start of the year.
"Small business and self-employed group delivered double-digit revenue growth and Credit Karma performed very well since we completed the acquisition in December," the company said.
A quarterly dividend of 59 cents per share was approved, representing an 11% increase compared to the same period last year.
Looking ahead fiscal 2021, the company maintained its guidance for EPS of $8.20 to $8.40, in-line with consensus of $8.36, on revenue of between $8.810 billion and $8.995 billion, in-line with consensus of $8.92 billion.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar