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Intuit Inc Reaffirms Q1, FY 2014 Guidance


Tuesday, 24 Sep 2013 09:00am EDT 

Intuit Inc reiterated guidance for fiscal 2014, it expects revenue of $4.440 billion to $4.525 billion, growth of 6% to 8%. GAAP operating income of $1.347 billion to $1.377 billion, growth of 9% to 12%, Non-GAAP operating income of $1.580 billion to $1.610 billion, growth of 7% to 10%, GAAP diluted earnings per share (EPS) of $3.11 to $3.19, growth of 10% to 13%, Non-GAAP diluted EPS of $3.52 to $3.60, growth of 10% to 13%. The Company also reiterated its outlook for the first quarter of 2014, it expects revenue of $595 million to $605 million, growth of 6% to 8%, GAAP operating loss of $88 million to $93 million, compared to an operating loss of $73 million in the year-ago quarter, Non-GAAP operating loss of $30 million to $35 million, compared to an operating loss of $16 million in the year-ago quarter, GAAP net loss per share of $0.10 to $0.11, compared to a net loss per share of $0.06 in the year-ago quarter. Non-GAAP net loss per share of $0.10 to $0.11, compared to a net loss per share of $0.05 in the year-ago quarter. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $4.486 billion and EPS of $3.55 for fiscal 2014; revenues of $604 million and EBIT of $(33.81) million for the first quarter of 2014. 

Company Quote

83.37
2.33 +2.88%
4:00pm EDT