MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Intuit Inc. (INTU) on Thursday reported fiscal third-quarter earnings of $2.39 billion.
The Mountain View, California-based company said it had net income of $8.42 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $9.88 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $9.34 per share.
The maker of TurboTax, QuickBooks and other accounting software posted revenue of $6.74 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $6.63 billion.
For the current quarter ending in July, Intuit expects its per-share earnings to range from $1.80 to $1.85.
The company said it expects revenue in the range of $3.06 billion to $3.1 billion for the fiscal fourth quarter.
Intuit expects full-year earnings in the range of $16.79 to $16.84 per share, with revenue ranging from $16.16 billion to $16.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INTU at https://www.zacks.com/ap/INTU
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