Shares of Intuit Inc. (INTU) climbed more than 2% on Thursday as investors anticipated the global fintech platform’s second quarter earnings release, scheduled for after the market close.
Analysts largely expect the results to demonstrate year-over-year growth in both revenue and earnings per share (EPS).
This positive sentiment follows a robust performance in the first quarter, where the Mountain View-based corporation reported an EPS of $3.34.
Intuit, the developer behind a widely used software ecosystem including TurboTax, Credit Karma, QuickBooks, Mailchimp, and the Intuit Enterprise Suite, maintains a strong track record of exceeding market expectations.
At 12:05 p.m. EST, Intuit Inc. stock was trading higher by 2.37%, or $9.02, at $390.25.