Intuit Earnings Highlight Massive Momentum
Intuit (NASDAQ: INTU) earnings are out -- and they look great. Not only did the financial-software company's top and bottom lines both beat analysts' expectations, but the company also raised its full-year revenue guidance due to a combination of strong business momentum and its recent acquisition of Mailchimp.
It's safe to say that expectations were high going into the earnings report. Shares of Intuit have risen 66% year to date, crushing the S&P 500's 25% gain. But based on the tech stock's near 9% gain in after-hours trading on Thursday, Intuit still managed to impress, despite investors' elevated view.
Here's a closer look at the company's stellar fiscal first-quarter results.
Source Fool.com
