Intuit (NASDAQ: INTU) shares surged 8.66% in 24-hour trading following the company's impressive third-quarter results and raised full-year guidance. The tax and business software firm reported stronger-than-expected earnings and revenue, driven by an outstanding tax season and continued momentum in its Global Business Solutions Group and Credit Karma segments.

For the third quarter ended April 30, Intuit posted adjusted earnings of $11.65 per share, significantly beating analysts' expectations of $10.91. Revenue for the quarter came in at $7.75 billion, surpassing the estimated $7.56 billion. The company's performance during its most crucial tax season quarter demonstrated its ability to capitalize on the growing demand for its financial management and compliance products.

In light of the strong results, Intuit raised its full-year guidance for fiscal 2025. The company now expects revenue growth of about 15%, up from its previous forecast of 12% to 13%. Adjusted earnings per share are projected to be between $20.07 and $20.12, higher than earlier estimates. This upward revision reflects the company's confidence in its growth trajectory and market position. Additionally, Intuit announced plans to introduce more AI "agents" to handle tasks related to project management and accounting, signaling its commitment to leveraging artificial intelligence to enhance its product offerings and maintain its competitive edge in the financial technology sector.