Shares of Intuit Inc. INTU, -0.61% dipped 3% in extended trading Tuesday following the financial-services company’s fiscal second-quarter results. Intuit’s reported adjusted net income of $235 million, or 68 cents a share, compared with adjusted net income of $384 million, or $1.16 a share, in the year-ago quarter. Revenue declined 7% to $1.58 billion from $1.7 billion a year ago. Analysts surveyed by FactSet had expected net income of 86 cents a share on revenue of $1.68 billion. Intuit’s stock has risen 40% over the last 12 months. The broader S&P 500 index SPX, +0.13% has improved 24% in the last year.
View Article Origin Here
