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Intuit releases strong Q4 earnings

Software company Intuit reported a beat on top line numbers for their 4th quarter earnings, with a net revenue of $1.82B versus estimates of $1.55B. The Final Round panel breaks down the key numbers.

Video Transcript

SEANA SMITH: Welcome back to “The Final Round.” The earnings reports keep rolling in. Intuit and HP Enterprise are also out with results. Jared Blikre has the latest. Jared?

JARED BLIKRE: Let’s start with Intuit. It’s up 5 and 1/2% in the aftermarket trading, beat on all the key metrics on its top line, having net revenue of $1.82 billion. That beats the estimate of $1.55 billion. Adjusted EPS also beating, coming in at $1.81– $1.81 versus estimates of $1.09. And last year, they had a loss per share of $.09 during the same period.

Service and other revenue up $1.52 billion. That also beat estimates of $1.22 billion. And product sales coming in a little bit short here, $294 million versus estimates of $359 million.

R&D expenses increased substantially, coming in at $393 million. That’s up 26% year-over-year. Estimate was for quite a bit lower, at $301.8 million. And also saying their Turbo Tax Online and Turbo Tax units both increased by 11% in the fourth quarter.

Just looking at the stock here, still up about 5 and 1/2% in the aftermarket trading. You can see it’s up about 28% year-to-date.

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