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2021-11-19

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Intuit stock surged nearly 10% in premarket trading

Shares of Intuit, the financial software company, surged nearly 10% in premarket trading Friday afte

Intuit stock surged nearly 10% in premarket trading

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Intuit’s sales rose by 52% while earnings skyrocketed by 63%.</p>\n<p>Intuit, which sells well-known and widely used software such as Mint, TurboTax and QuickBooks for accounting, increased its revenue guidance for 2021 to $1 billion.</p>\n<p>The company credited the surge in revenue due to its purchase of MailChimp for $12 billion this year and acquisition of Credit Karma in 2020. Credit Karma, which provides credit scores and other consumer financial advice, generated $418 million of revenue for the quarter.</p>\n<p>Intuit said it estimates full-year earnings of $11.48 to $11.64 a share based on revenue of $12.17 billion to $12.3 billion, compared to its previous estimate of $11.05 to $11.25 a share based on revenue of $11.05 billion to $11.2 billion.</p>\n<p>The company expects second quarter earnings of $1.84 to $1.88 while its revenue increased by 73% to 74%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180275766","content_text":"Shares of Intuit, the financial software company, surged nearly 10% in premarket trading Friday after the company announced it was increasing its guidance.\n\nIntuit saw its shares reach over $629 in after hours trading after the company reported its fiscal first quarter earnings of $228 million on revenue of $2.01 billion or 82 cents per share, compared to $1.32 billion from last year.\nThe company reported earnings of $1.53 per share, compared to 94 cents a share in 2020 and beating Wall Street’s estimates. Intuit’s sales rose by 52% while earnings skyrocketed by 63%.\nIntuit, which sells well-known and widely used software such as Mint, TurboTax and QuickBooks for accounting, increased its revenue guidance for 2021 to $1 billion.\nThe company credited the surge in revenue due to its purchase of MailChimp for $12 billion this year and acquisition of Credit Karma in 2020. Credit Karma, which provides credit scores and other consumer financial advice, generated $418 million of revenue for the quarter.\nIntuit said it estimates full-year earnings of $11.48 to $11.64 a share based on revenue of $12.17 billion to $12.3 billion, compared to its previous estimate of $11.05 to $11.25 a share based on revenue of $11.05 billion to $11.2 billion.\nThe company expects second quarter earnings of $1.84 to $1.88 while its revenue increased by 73% to 74%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1023,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Intuit stock surged nearly 10% in premarket trading

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