Where to Focus When Intuit Reports Earnings
Despite recent market volatility, Intuit (NASDAQ: INTU) still boasts an impressive share price trajectory in 2019. The titan in small-business accounting and tax software has seen its stock appreciate 36% year to date.
The company reports on its fiscal fourth quarter 2019 on Aug. 22. Let's review crucial numbers and key overarching storylines investors should be aware of before Intuit's year-end report.
Intuit wrapped up a profitable tax season during its fiscal third quarter, which ended April 30. Net income jumped 16% to nearly $1.4 billion, bringing total net earnings for the first nine months of the year to $1.6 billion. Volume growth of 7% in TurboTax (Intuit's flagship online tax product) was supplemented by continued brisk expansion in the company's small-business and self-employed segment, which increased its top line by 19% year over year.
Source Fool.com
