-+ 0.00%
-+ 0.00%
-+ 0.00%
Intuit: Fiscal Q4 Earnings Snapshot
Share
Listen to the news

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Intuit Inc. (INTU) on Tuesday reported fiscal fourth-quarter profit of $363 million.

The Mountain View, California-based company said it had profit of $1.34 per share. Earnings, adjusted for one-time gains and costs, came to $4.03 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.59 per share.

The maker of TurboTax, QuickBooks and other accounting software posted revenue of $4.35 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $4.27 billion.

For the year, the company reported profit of $4.57 billion, or $16.46 per share. Revenue was reported as $21.45 billion.

For the current quarter ending in October, Intuit expects its per-share earnings to range from $2.44 to $2.48.

The company said it expects revenue in the range of $4.29 billion to $4.31 billion for the fiscal first quarter.

Intuit expects full-year earnings in the range of $22.88 to $23.12 per share, with revenue ranging from $23.28 billion to $23.51 billion.

_____

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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending