Intuit earnings Q4 2017

Tony Avelar | Bloomberg | Getty Images

Brad Smith, president and chief executive officer of Intuit Inc.

Intuit reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday.

Here’s how the company did compared to what Wall Street expected:

• EPS: 20 cents vs. 17 cents expected, according to Thomson Reuters
• Revenue: $842 million vs. $804.6 million expected, according to Thomson Reuters

Intuit announced in the release that the company’s Chief Financial Officer, Neil Williams, will step down in January. Michelle Clatterbuck is slated to become the next CFO.

Some analysts have labeled Intuit an “anti-Trump stock.” They argue that if President Donald Trump’s administration succeeds in simplifying the tax code, the demand for products such as TurboTax should decline.

Citigroup downgraded the stock to neutral from buy in June, citing numbers challenges and a tougher tax set-up, and cut its price target by $7 to $141.

But broader market optimism has helped lift shares of Intuit. The California-based company’s stock has increased about 20 percent so far this year, while the S&P 500 has increased nearly 10 percent.

Intuit’s stock has grown more than 4 percent since the company’s better-than-expected third-quarter earnings release on May 23.

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