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Intuit posts strong earnings, beating estimates, despite major investors reducing their stakes.
Regent Peak Wealth Advisors reduced its holdings in Intuit Inc. by 11.2%, while Clean Yield Group also decreased its stake by 5.3%.
Despite these reductions, Intuit reported strong earnings, at $11.65 per share, beating estimates by $0.76, and revenue of $7.75 billion, surpassing expectations.
The company is expected to post 14.09 EPS this year and has announced a quarterly dividend of $1.04 per share.
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Intuit anuncia ganancias fuertes, superando las estimaciones, a pesar de que los principales inversores redujeron sus participaciones.