Intuit Earnings, Revenue miss in Q2 By Investing.com

Intuit (NASDAQ:INTU) reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.

Intuit announced earnings per share of $0.68 on revenue of $1.58B. Analysts polled by Investing.com anticipated EPS of $0.9863 on revenue of $1.76B.

Intuit shares are up 4% from the beginning of the year and are trading at $398.37 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 4.48% from the start of the year.

Intuit follows other major Technology sector earnings this month

Intuit’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar