Intuit (INTU) Tops Q3 EPS by 7c, Updates Guidance

Intuit (NASDAQ: INTU) reported Q3 EPS of $7.65, $0.07 better than the analyst estimate of $7.58. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.51 billion.

GUIDANCE:

Intuit sees FY2022 EPS of $11.68-$11.74, versus the consensus of $11.66. Intuit sees FY2022 revenue of $12.633-12.674 billion, versus the consensus of $12.32 billion.

Intuit announced guidance for the fourth quarter of fiscal year 2022, which ends July 31. The company expects:

• Revenue to decline approximately 8 to 9 percent, reflecting the earlier tax filing deadline this year versus last year.
• GAAP loss per share of $0.53 to $0.47.
• Non-GAAP diluted earnings per share of $0.94 to $1.00.

(Consensus sees Q4 EPS of $0.96)

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

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