Intuit (INTU) Investors Hit the Exit on Strong Quarter, Light Q4 Guidance
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Price: $57.90 -1.46%
EPS Growth %: +18.3%
Financial Fact:
Basic net income per share from discontinued operations: 0
Today's EPS Names:
ANF, DXLG, FL, More
EPS Growth %: +18.3%
Financial Fact:
Basic net income per share from discontinued operations: 0
Today's EPS Names:
ANF, DXLG, FL, More
Trade INTU Now!
Intuit Inc. (Nasdaq: INTU) investors are hitting the doors following quarterly results from the financial management software company.
Operating income in the third quarter increased 19 percent from $938 million to $1.115 billion, or $2.33 per share on a non-GAAP basis.
Revenue popped 15 percent to $1.848 billion.
Overall, the consensus was looking for EPS of $2.28 and revs of $1.82 billion.
Intuit's third quarter was a big one for the company as many rushed to get their taxes complete before the mid-April deadline. This quarter, TurboTax units were up 11 percent, with TurboTax Online units up 18 percent.
Looking ahead, Intuit sees fourth-quarter revenue of $567 - $587 million and non-GAAP EPS of ($0.02) to $0.02, versus consensus EPS of ($0.01) and revs of $587.19 billion. For FY11, Intuit increased its EPS outlook from $2.41 - $2.48 to $2.45 - $2.50 with revs boosted from $3.74 - $3.84 to $3.825 - $3.845 billion, versus consensus EPS of $0.45 and revs of $3.82 billion.
Intuit shares are down 3.6 percent after-hours.
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Operating income in the third quarter increased 19 percent from $938 million to $1.115 billion, or $2.33 per share on a non-GAAP basis.
Revenue popped 15 percent to $1.848 billion.
Overall, the consensus was looking for EPS of $2.28 and revs of $1.82 billion.
Intuit's third quarter was a big one for the company as many rushed to get their taxes complete before the mid-April deadline. This quarter, TurboTax units were up 11 percent, with TurboTax Online units up 18 percent.
Looking ahead, Intuit sees fourth-quarter revenue of $567 - $587 million and non-GAAP EPS of ($0.02) to $0.02, versus consensus EPS of ($0.01) and revs of $587.19 billion. For FY11, Intuit increased its EPS outlook from $2.41 - $2.48 to $2.45 - $2.50 with revs boosted from $3.74 - $3.84 to $3.825 - $3.845 billion, versus consensus EPS of $0.45 and revs of $3.82 billion.
Intuit shares are down 3.6 percent after-hours.
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