By Allison Prang
Intuit Inc.'s profit rose after the QuickBooks and TurboTax maker logged a 14% bump in net revenue for its first quarter of its fiscal year.
Intuit's profit was $198 million, or 75 cents a share. Earnings were more than a year ago when they were $57 million, or 22 cents a share.
Adjusted earnings were 94 cents a share. According to FactSet, analysts were expecting 41 cents a share.
Net revenue rose to $1.32 billion, beating analysts' expectations of $1.21 billion.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires