Monday, June 25, 2012

Intuit FY Q3 Tops Estimates; Delivers Upside Guidance

Intuit (INTU) posted revenue of $1.6 billion for the fiscal third quarter, up 13% from a year ago and better than the Wall Street consensus of $1.55 billion. Adjusted EPS of $1.89 also beat estimates for $1.82.

The tax software maker is forecasting fiscal 2010 revenue of $3.41 billion to $3.43,� ahead of analysts’ expectations for $3.37 billion. Intuit� is looking for� 2010 adjusted EPS of $2.03 to $2.06, representing growth of 15% to 16% from 2009 and ahead of Wall Street’s current estimate of $2.02.

Shares of Intuit are are up 59 cents or 1.8% after hours to $34.32.

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