Intuit's 3Q Earnings Outlook Beats Analysts' Expectations
By Kimberly Chin
Intuit Inc. expects third-quarter earnings to top analysts'
forecast as the company enters the 2021 tax season.
The financial management tools company behind products like
TurboTax, QuickBooks and Mint expects earnings between $5.85 and
$5.95 a share for the current quarter. Analysts polled by FactSet
were expecting $5.36 a share.
On an adjusted basis, it anticipates earnings in the range of
$6.75 to $6.85, beating analysts' consensus estimates of $6.50 a
Intuit expects third-quarter revenue to rise by 53% to 55% year
The company reaffirmed its fiscal year 2021 outlook.
Shares fell 3.5% after hours to $385.
Write to Kimberly Chin at firstname.lastname@example.org
(END) Dow Jones Newswires
February 23, 2021 16:50 ET (21:50 GMT)
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