INTU Intuit Inc

Intuit Inc., the maker of TurboTax software, on Thursday reported better-than-expected results for its second quarter, driven in part by more online subscribers of its QuickBooks product.

The company said during the three-month period, QuickBooks online subscribers jumped 49%.

Shares of the company, up 1.2% over the past year, were up 3.43% to $103.50 after hours.

For the current quarter that ends April 30, the company expects revenue of $2.21 billion to $2.26 billion, or growth of 4% to 6%, with adjusted earnings on a per-share basis in the range of $3.15 to $3.20.

Over all for the latest quarter, Intuit reported a profit of $24 million, or 9 cents a share, compared with a year-ago loss of $66 million, or a loss of 23 cents a share.

Excluding certain items, profit was 25 cents a share, up from a loss of 6 cents a share a year earlier.

The company typically posts losses in its off-tax-season quarters.

Also in the latest quarter, revenue climbed 23% to $923 million.

The company had expected revenue between $880 million to $900 million with adjusted earnings between 17 cents a share and 20 cents. Analysts surveyed on FactSet had projected adjusted profit of 19 cents a share on $893 million in revenue.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

(END) Dow Jones Newswires

February 25, 2016 17:25 ET (22:25 GMT)

Intuit (NASDAQ:INTU)
Historical Stock Chart
From Mar 2024 to Apr 2024

Intuit (NASDAQ:INTU)
Historical Stock Chart
From Apr 2023 to Apr 2024