Intuit (INTU) Tops Q3 EPS by 3c, Offers Guidance

Intuit (NASDAQ: INTU) reported Q3 EPS of $3.90, $0.03 better than the analyst estimate of $3.87. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.5 billion.

Forward-looking Guidance

Intuit announced guidance for the fourth quarter of fiscal year 2017, which ends July 31. The company expects:

• Revenue of $795 million to $815 million, growth of 5 to 8 percent.
• GAAP operating loss of $25 million to $45 million.
• Non-GAAP operating income of $50 million to $70 million.
• GAAP loss per share of $0.01 to $0.03.
• Non-GAAP diluted earnings per share of $0.16 to $0.18.

Intuit raised guidance for full fiscal-year revenue in 2017. The company now expects:

• Revenue of $5.13 billion to $5.15 billion, growth of 9 to 10 percent.
• GAAP operating income of $1.36 billion to $1.38 billion, growth of 10 to 11 percent.
• Non-GAAP operating income of $1.705 billion to $1.725 billion, growth of 10 to 11 percent.
• GAAP diluted earnings per share of $3.55 to $3.57, versus $3.69 in fiscal 2016. Fiscal 2016 earnings per share includes $0.65 net income per share from discontinued operations.
• Non-GAAP diluted earnings per share of $4.38 to $4.40, growth of 16 percent.
• QuickBooks Online subscribers of 2.3 million.

(Street sees Q4 EPS of 16c on $777.8 million in revenue)

For earnings history and earnings-related data on Intuit (INTU) click here.

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