Intuit (INTU) Tops Q2 EPS by 1c; Reaffirms Outlook

Intuit (NASDAQ: INTU) reported Q2 EPS of $0.26, $0.01 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.

Intuit announced guidance for the third quarter of fiscal year 2017, which ends April 30. The company expects:

• Revenue of $2.50 billion to $2.55 billion, growth of 9 to 11 percent.
• GAAP operating income of $1.42 billion to $1.44 billion.
• Non-GAAP operating income of $1.50 billion to $1.52 billion.
• GAAP diluted earnings per share of $3.61 to $3.66.
• Non-GAAP diluted earnings per share of $3.85 to $3.90.
• QuickBooks Online subscribers of 2.0 million.

Intuit reiterated guidance for full fiscal year 2017. The company expects:

• Revenue of $5 billion to $5.1 billion, growth of 7 to 9 percent.
• GAAP operating income of $1.33 billion to $1.38 billion, growth of 7 to 11 percent.
• Non-GAAP operating income of $1.675 billion to $1.725 billion, growth of 8 to 11 percent.
• GAAP diluted earnings per share of $3.47 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 $4.30 to $4.40, growth of 14 to 16 percent.
• QuickBooks Online subscribers of 2.2 million.

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

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