Should You Buy Intuit's Stock at Its All-Time High?
Intuit's (NASDAQ: INTU) stock recently hit an all-time high after the financial software company's fourth-quarter numbers easily topped Wall Street's expectations.
Its revenue rose 83% annually to $1.82 billion, beating estimates by $250 million. Its adjusted EPS of $1.81, which marked a big improvement from its loss of $0.09 a year ago, also beat expectations by $0.69. Intuit's headline numbers were impressive, but does its stock still have room to run after advancing over 30% this year?
Intuit generated 62% of its revenue from two main products in fiscal 2020: QBO (QuickBooks Online) and TTO (TurboTax Online). The rest of its revenue came from its other smaller platforms, including Mint and Turbo.
Source Fool.com
