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Intuit Inc Issues Q4 2013 Guidance; Earnings Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance


Tuesday, 21 May 2013 04:00pm EDT 

Intuit Inc announced that for the fourth quarter of 2013, it expects revenue of $702 million to $727 million, GAAP operating loss of $31 million to $51 million, Non-GAAP operating income of $14 million to $34 million, GAAP loss per share of $0.07 to $0.11and Non-GAAP diluted EPS of $0.03 to $0.07. For fiscal 2013, it expects revenue of $4.495 billion to $4.520 billion, GAAP operating income of $1.23 billion to $1.25 billion, which includes a $46 million charge related to the impairment of Intuit Health, Non-GAAP operating income of $1.51 billion to $1.53 billion, GAAP diluted EPS of $2.77 to $2.81 and Non-GAAP diluted EPS of $3.31 to $3.35. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $726 million, EBIT of $54 million and EPS of $0.11 for the fourth quarter of 2013; revenue of $4.51 billion, EBIT of $1.51 billion and EPS of $3.33 for fiscal 2013. 

Company Quote

92.35
1.62 +1.79%
3:14pm EST