TurboTax Maker Intuit's Stock Jumps on Raised Outlook, Strong Earnings
1. Intuit's earnings beat expectations, raising its full-year forecast. 2. Revenue is expected between $18.72B and $18.76B, higher than previous estimates. 3. Third-quarter revenue of $7.75B showed a 15% year-over-year increase. 4. Adjusted earnings per share forecast increased to $20.07-$20.12. 5. Shares surged over 8% in after-hours trading following the announcement.