logo
Plus   Neg
Share
Email

Intuit Inc. Q2 adjusted earnings Miss Estimates

Intuit Inc. (INTU) reported earnings for second quarter that fell from last year.

The company's profit came in at $20 million, or $0.07 per share. This compares with $240 million, or $0.91 per share, in last year's second quarter.

Excluding items, Intuit Inc. reported adjusted earnings of $185 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.1% to $1.58 billion from $1.70 billion last year.

Intuit Inc. earnings at a glance:

-Earnings (Q2): $185 Mln. vs. $306 Mln. last year.
-EPS (Q2): $0.68 vs. $1.16 last year.
-Analysts Estimate: $0.91
-Revenue (Q2): $1.58 Bln vs. $1.70 Bln last year.

-Guidance:
Next quarter EPS guidance: $6.75 - $6.85
Full year EPS guidance: $8.20 - $8.40
Full year revenue guidance: $8.810 - $8.995 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT