Financial software firm Intuit (INTU) late Thursday beat analyst estimates for its fiscal fourth quarter but offered a mixed outlook for the current period. INTU stock dropped in extended trading.
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The Mountain View, Calif.-based company earned an adjusted $1.65 a share on sales of $2.71 billion in the quarter ended July 31. Analysts polled by FactSet had expected Intuit earnings of $1.43 a share on sales of $2.64 billion. In the year-earlier period, Intuit earned an adjusted $1.10 a share on sales of $2.41 billion.
In after-hours trading on the stock market today, INTU stock fell 3.6% to 480.53. During the regular session Thursday, INTU stock slid 0.5% to close at 498.50.
On July 17, INTU stock broke out of a 48-week consolidation period at a buy point of 490.83, according to IBD MarketSmith charts.
Earnings report details to follow.
Intuit makes TurboTax tax-preparation software and QuickBooks small-business accounting software. It also offers Mint, Credit Karma and Mailchimp products.
Further, INTU stock is on the IBD Tech Leaders list.
Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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