Intuit Inc (NASDAQ: INTU) reported the quarterly financial results for its third quarter of fiscal 2020 after the regular trading hours on Thursday. The company missed analysts’ estimates for the quarter.
During the quarter QuickBooks online accounting revenue grew 36%, driven primarily by customer growth, higher effective prices and, to a lesser extent, mix-shift.
INTU shares fell 1.4% immediately following the announcement. The stock has increased by 18% in the trailing 12 months.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,