Intuit was the best-performing stock in the S&P 500, up 5.5%, following strong earnings results and upbeat guidance. CEO Sasan Goodarzi said in a statement that the company is "more confident than ever" in its long-term business strategy.
In its fiscal fourth quarter, the business software company behind TurboTax and QuickBooks reported earnings of $1.10 per share on revenue of $2.4 billion. Analysts surveyed by Refinitv were expecting earnings of 98 cents per share on revenue of $2.34 billion in the quarter ending June 30.
Meanwhile, Advanced Auto Parts was the worst-performing stock, down 9.6%, after missing earnings expectations and lowering its full-year guidance.
The auto parts retailer reported earnings of $3.74 per share on revenue of $2.67 billion. Analysts surveyed by Refinitiv were expecting earnings of $3.76 per share on revenue of $2.75 billion.
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