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Intuit Inc. (INTU - Free Report) just released its fiscal 2016 third quarter earnings results, posting earnings of $3.27 per share and revenue of $2.3 billion.
Currently, INTU has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Intuit:
1. Beat earnings estimates. The company posted $3.27 per share (excluding 67 cents from non-recurring items), beating our Zacks Consensus Estimate of $3.03.
2. Beat revenue estimates. The company saw revenue figures of $2.3 billion, beating our estimate of $2.25 billion.
3. Revenue from consumer products for tax preparation rose by 7%, while unit sales of its TurboTax software rose 12% in the quarter.
4. The company upped its revenue guidance and now expects to see revenue of $720 million to $740 million in the current quarter. Our current consensus estimate is at $718 million.
5. INTU was down $2.31, or 2.15%, to $105.00 as of 4:28 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at INTU’s latest earnings performance:
Intuit's mission is to revolutionize how people manage their financial activities. The company's objective is to greatly expand the world of electronic finance. Electronic finance encompasses three types of products and services: desktop software products that operate on customers' personal computers to automate financial tasks; products and services that are delivered via the Internet; and products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.
Check back later for our full analysis on Intuit’s latest quarterly earnings report!
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Intuit Inc. (INTU) Posts Earnings & Revenue Beats
Intuit Inc. (INTU - Free Report) just released its fiscal 2016 third quarter earnings results, posting earnings of $3.27 per share and revenue of $2.3 billion.
Currently, INTU has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Intuit:
1. Beat earnings estimates. The company posted $3.27 per share (excluding 67 cents from non-recurring items), beating our Zacks Consensus Estimate of $3.03.
2. Beat revenue estimates. The company saw revenue figures of $2.3 billion, beating our estimate of $2.25 billion.
3. Revenue from consumer products for tax preparation rose by 7%, while unit sales of its TurboTax software rose 12% in the quarter.
4. The company upped its revenue guidance and now expects to see revenue of $720 million to $740 million in the current quarter. Our current consensus estimate is at $718 million.
5. INTU was down $2.31, or 2.15%, to $105.00 as of 4:28 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at INTU’s latest earnings performance:
Intuit's mission is to revolutionize how people manage their financial activities. The company's objective is to greatly expand the world of electronic finance. Electronic finance encompasses three types of products and services: desktop software products that operate on customers' personal computers to automate financial tasks; products and services that are delivered via the Internet; and products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.
Check back later for our full analysis on Intuit’s latest quarterly earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>