Intuit, Inc. (INTU) Misses Q4 EPS by 6c, Offers Guidance, Announces Dividend
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Intuit, Inc. (NASDAQ: INTU) reported Q4 EPS of $0.01, $0.06 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $714 million versus the consensus estimate of $699.49 million.
For Q115, the company sees EPS of ($0.20)-($0.21) vs Street at ($0.04). Revenue is seen at $620 - $630 million, versus the consensus of $680 million.
Intuit, Inc. sees FY2015 EPS of $2.45 - $2.50, versus the consensus of $3.97. Intuit also sees FY2015 revenue of $4.275 - $4.375 billion, versus the consensus of $4.85 billion.
During the fourth quarter, Intuit:
- Delivered total company revenue of $714 million, up 13 percent.
- Reached a key inflection point in Small Business; for the first time more new customers chose QuickBooks Online over QuickBooks Desktop.
- Increased QuickBooks Online subscribers by 40 percent, adding approximately 60,000 customers.
- Finished the year with 7 percent revenue growth in Consumer Tax, above the high end of guidance for the segment.
- Accelerated adoption of QuickBooks Online subscribers outside the U.S., growing more than 150 percent to 84,000.
The company approved a dividend of up to $1.00 per share for fiscal 2015. This represents a 32 percent increase versus last year and reflects a large and growing cash position, as well as more recurring and predictable revenue streams. The first quarterly dividend of $0.25 per share will be payable on Oct. 20.
For earnings history and earnings-related data on Intuit, Inc. (INTU) click here.
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