Intuit Results Miss in Q3, but Guidance Lifts Shares By Investing.com

By Yasin Ebrahim

Intuit (NASDAQ:INTU) raised its full-year revenue guidance Tuesday after reporting third-quarter results that fell short of expectations as the extension of the federal tax filing deadline weighed on results.

The shares rose 1% in afterhours trading following the earnings report.

The financial software company announced earnings per share of $6.07 on revenue of $4.17 billion. Analysts polled by Investing.com anticipated EPS of $6.52 on revenue of $4.43 billion.

“We had a great tax season growing our share of total tax returns and executing our strategy of expanding our lead in the DIY category and transforming the assisted category,” the company said. “We had a strong quarter across the company, and as a result we are raising our full year guidance.”

Looking ahead, Revenue was guided in the range of $2.29 billion to 2.33 billion, beating Wall Street estimates of $1.85 billion. Full-year revenue guidance was raised to a range of $9.36 billion to $9.4 billion from $8.81 billion to $9.0 billion.

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