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 allison.prang@wsj.com

 

(END) Dow Jones Newswires

November 19, 2020 16:25 ET (21:25 GMT)

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