Turbo Tax software maker Intuit (INTU) stock hit an all-time high Friday after the company reported better-than-expected Q3 results. Mountain View, Calif.-based Intuit late Thursday reported revenue of $2.19 billion, down 8% year over year for its fiscal Q3, which ended April 30. Analysts had expected $2.14 billion. EPS ex items fell 19% to $2.85, down 19% year over year. But it topped the $2.75 that analysts polled by FactSet were expecting. For
Intuit (INTU) stock hit an all-time high Friday after the maker of tax preparation software’s quarterly earnings exceeded views. Intuit late Thursday reported revenue of $808 million, up 3% from the year-earlier period, for its fiscal Q2 ended Jan. 31. It was above the consensus estimate of $786.6 million among analysts polled by FactSet Research. Intuit reported a per-share loss of 6 cents, but analysts were expecting a loss of 13 cents. The
The Super Bowl is becoming a game of soaring costs and more conservative game plans for tech companies. As usual, few tech companies are playing the ad game for the show that consistently is the most viewed of the year. That viewership carries a price: The cost of a 30-second ad in this year’s game telecast is $4.4 million to $4.5 million, up from $4 million last year. Longtime players GoDaddy and Intuit (INTU) are in, but are cutting back.