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Intuit (NASDAQ:INTU) shares were higher over 3% in after-hours trading on Tuesday after the developer of TurboTax tax-preparation software and Quicken accounting software announced that its profit easily topped experts’ expectations for the second quarter.
For its fiscal second quarter concluded on January 31st, Intuit reported earnings per share excluding items of 51 cents which were higher almost 59% from 32 cents in the year-ago same phase and 6 cents over the consensus forecast of 21 analysts surveyed by Thomson Reuters.
Sales moved up 16% to $1.02 billion which was its first billion-dollar quarter in its history. Experts were hoping for $1.01 billion.
The firm revised its sales outlook for fiscal 2012 and elevated its operating income and EPS estimations.
Intuit Inc. (NASDAQ:INTU) stock reports on February 21, 2012 increased 0.24% to the closing price of $57.52. Its fifty two week range was $39.87-$58.90. The total market capitalization remained $17.10 billion. The overall volume in the last trading session was 2.20 million shares.
INTU is ahead its 52 week low with 45.13% and lagging behind from its 52 week high price with -2.34%. INTU last month stock price volatility remained 1.49%.
The stock price of INTU is moving forward from its 20 days moving average with 0.29% and remote positively from 50 days moving average with 4.61%. In its share capital INTU has 297.25 million outstanding shares among them 275.10 million shares have been floated in market exchange. INTU stock institutional ownership remained 88.13% while insider ownership included 0.25%.
INTU current year earnings per share experienced an addition with 20.59% while its current quarter performance remained 11.47%. Company’s beta coefficient included 0.77. Beta factors measures the amount of market risk associated with market trade.
