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Intuit lifts FY outlook as Q3 results top expectations

Investing.com -- Intuit raised its full-year outlook after reporting fiscal third-quarter revenue that topped Wall Street analysts.

Intuit (NASDAQ:INTU) stock was down 3% after-hours.

The company, known for its TurboTax products and QuickBooks accounting tools, reported Q3 EPS of $8.92 on revenue of $6.02 billion. 

Looking ahead, the company raised its forecast on revenue from $14.28B to $14.317B, representing growth of approximately 12% to 13%, up from previous guidance for growth of 10% to 12% percent.

Non-GAAP diluted earnings per share were forecast in a range of $14.20 to $14.25, representing growth of approximately 20 percent, up from previous guidance for growth of 15% to 17%.

The company trimmed its fiscal second-quarter revenue outlook to a range of $2.66B and $2.67B from a prior range of $2.72B to $2.75B. That was below analysts’ estimates for revenue of about $2.73B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.