Intuit raises guidance on strong tax season sales
San Francisco Business Times
Intuit Inc. raised its financial forecast for the current quarter on Thursday, citing strong sales of its TurboTax product.
Mountain View-based Intuit (NASDAQ: INTU) said third-quarter revenue should be between $880 million and $900 million, up between 5 percent and 8 percent. It previously forecast an increase of between 3 percent and 5 percent.
Third-quarter earnings per share are expected to be between $1.56 and $1.60, compared with the previous guidance calling for between $1.54 and $1.58 a share.
For the year ending July 31, Intuit said it expects revenue between $2.24 billion and $2.28 billion, up between 10 percent and 12 percent. It previously forecast growth between 9 percent and 11 percent.
Full-year earning are forecast in a range between $2.18 and $2.23 a share, compared with its earlier projection for between $2.16 and $2.21 a share.
Silicon Valley / San Jose Business Journal
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