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Intuit Inc. shares surged in the extended session Tuesday after the maker of tax, accounting and small-business software reported quarterly results that beat analysts’ expectations. The company, noting the shift of a big portion of tax filings from the fiscal third quarter to the fourth quarter because of an extended tax deadline due to the pandemic, said it saw an increase in DIY tax preparation and total tax returns. It also said it had the strongest customer growth in four years for its TurboTax Online and total TurboTax units. Intuit INTU, +0.99% shares climbed nearly 5.5% in after-hours trading, after closing the day at $336.42, up nearly 1%. The company reported fourth-quarter net income of $445 million, or $1.68 a share, compared with a loss of $44 million, or 17 cents a share, in the year-ago period. Revenue rose to $1.8 billion from $994 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.11 a share on revenue of $1.56 billion. For the full fiscal year, the Mountain View, Calif.-based company posted earnings of $2.07 billion, or $6.92 a share, on revenue of $7.68 billion. Intuit shares are up more than 28% this year, while the S&P 500 Index SPX, +0.36% is up more than 6%.
