Shares of financial software company Intuit (INTU - Get Report) were rallying in premarket trading Friday after the company posted better-than-expected results for its fiscal fourth quarter.

The owner of TurboTax posted an adjusted loss of 9 cents a share in the three-month period, compared to a loss of 1 cent a year ago. Wall Street analysts had been expecting a loss of 14 cents a share in the latest quarter, according to Zacks.

Revenue increased to $994 million from $864 million a year ago. Analysts had been expecting around $960 million, according to Zacks.

"Our business continued its strong momentum in the fourth quarter, resulting in full-year revenue growth of 13%, exceeding our original guidance of 8% to 10% growth," said Intuit's CEO Sasan Goodarzi in a statement.

The company said revenue will rise by 10% to 11% for fiscal 2020, and adjusted earnings per share will be up between 11% and 13%.

The stock rose 5.36% to $290.50 in premarket trading.

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Constable owns none of the securities listed in this story.