Intuit tops Wall Street estimates after tax season, issues strong guidance
Intuit reported better-than-expected results for the fiscal third quarter and also beat estimates with its full-year forecast
Intuit on Thursday reported quarterly results that beat analysts' estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading.
Here's how the company did compared to analysts' estimates compiled by LSEG:
- Earnings per share: $11.65 adjusted vs. $10.91 expected
- Revenue: $7.8 billion vs. $7.56 billion expected
Revenue in the fiscal third quarter increased 15% from $6.7 billion a year ago. Intuit is best known for its TurboTax and QuickBooks software. The latest quarter ended on April 30, two weeks after the deadline for filing tax returns in the U.S.
For its full fiscal year, Intuit said it expects to report revenue of $18.72 billion to $18.76 billion, up from the range of $18.16 billion to $18.35 billion it shared last quarter. Analysts were expecting $18.35 billion, according to LSEG.
Intuit will host its quarterly call with investors at 4:30 p.m. ET.
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This story originally appeared on: CNBC - Author:Ashley Capoot
