Intuit: Fiscal Q3 Earnings Snapshot
Posted May 25, 2021 4:10 pm.
Last Updated May 25, 2021 4:24 pm.
MOUNTAIN VIEW, Calif. (AP) _ Intuit Inc. (INTU) on Tuesday reported fiscal third-quarter net income of $1.46 billion.
The Mountain View, California-based company said it had profit of $5.30 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $6.07 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.04 per share.
The maker of TurboTax, QuickBooks and other accounting software posted revenue of $4.17 billion in the period, which met Street forecasts.
For the current quarter ending in July, Intuit expects its per-share earnings to range from $1.55 to $1.60.
The company said it expects revenue in the range of $2.29 billion to $2.33 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.81 billion.
Intuit expects full-year earnings in the range of $9.32 to $9.37 per share, with revenue ranging from $9.36 billion to $9.4 billion.
Intuit shares have risen 16% since the beginning of the year, while the S&P’s 500 index has increased 11%. In the final minutes of trading on Tuesday, shares hit $438.89, a rise of 56% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INTU at https://www.zacks.com/ap/INTU
The Associated Press
