Intuit (INTU, Financials) raised its full-year guidance after reporting stronger-than-expected fiscal Q3 results, pushing the stock up 8% in after-hours trading Thursday.
Revenue rose 15% from a year ago to $7.75 billion, beating expectations. Adjusted earnings came in at $11.65 per share, up from $9.88 last year. Net income climbed to $3.28 billion from $2.8 billion.
The company now sees full-year revenue between $18.72 billion and $18.76 billion, up from its earlier range of $18.16 billion to $18.35 billion. It also lifted its adjusted EPS outlook to $20.07–$20.12 from $19.16–$19.36.
Both updates came in ahead of analyst forecasts, driven by strong demand during tax season, particularly for TurboTax.
Intuit's stock was already up 6% this year before the earnings release. The solid results underscore continued strength in the company's financial software suite, which also includes Credit Karma.
