Top 5 Gainers on Wednesday

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1. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 75

Shares of Intuit Inc. (NASDAQ:INTU) advanced nearly six percent before the opening bell today after the financial software provider surpassed profit and sales expectations for its fiscal fourth quarter.

Intuit Inc. (NASDAQ:INTU) reported adjusted earnings of $1.10 per share, beating the consensus of 98 cents per share. Revenue came in at $2.4 billion, topping the expectations of $2.34 billion.

The company also issued financial outlook for its fiscal year 2023. Intuit Inc. (NASDAQ:INTU) guided for adjusted earnings in the range of $13.59 – $13.89 per share and revenue between $14.485 – $14.700 billion.

Praising the results, CEO of Intuit Inc. (NASDAQ:INTU), Sasan Goodarzi, said:

“We had a very strong fourth quarter, ending the year with momentum. We’re more confident than ever in our long-term business strategy as we power prosperity around the world. Our platform and offerings are mission-critical for consumers and small businesses, and we are proud that Intuit is the platform of choice for over 100 million customers around the world.”

You can also take a peek at 9 Tech Stocks that Cathie Wood is Giving Up On and 10 Best Cyclical Stocks for Inflation.

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