Intuit (INTU) Tops Q2 EPS by 7c; Issues Mixed Guidance

Intuit (NASDAQ: INTU) reported Q2 EPS of ($0.06), $0.07 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $808 million versus the consensus estimate of $786.6 million.

Intuit sees Q3 2015 EPS of $2.70-$2.75, versus the consensus of $2.88. Intuit sees Q3 2015 revenue of $2.075-2.15 billion, versus the consensus of $2.23 billion.

Intuit sees FY2015 EPS of $2.45-$2.50, versus the consensus of $2.47. Intuit sees FY2015 revenue of $4.275-4.375 billion, versus the consensus of $4.34 billion.

“We delivered a strong quarter, exceeding our company financial targets across the board,” said Brad Smith, Intuit’s president and chief executive officer. “Our Small Business online ecosystem momentum continues to build, with steady subscriber growth again this quarter. On the heels of this performance, we’ve raised our QuickBooks Online subscriber guidance for this fiscal year.

“Overall, early indicators and unit results show our tax strategy is on track. While we faced some initial challenges as a result of a change to our desktop product lineup, we took swift action in response to our customers’ feedback. While doing so, we continue to take proactive measures to navigate a heightened sense of concern about tax fraud in the American tax system.

“Beyond these challenges, we are inspired by the opportunities in front of us and we remain deeply committed to accelerating both customer and revenue growth across the company,” said Smith.

For earnings history and earnings-related data on Intuit (INTU) click here.

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