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Intuit: Fiscal 4Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Intuit Inc. (INTU) on Thursday reported fiscal fourth-quarter net income of $49 million.

On a per-share basis, the Mountain View, California-based company said it had net income of 18 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The maker of TurboTax, QuickBooks and other accounting software posted revenue of $988 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $953.3 million.

For the year, the company reported profit of $1.21 billion, or $4.64 per share. Revenue was reported as $5.96 billion.

For the current quarter ending in November, Intuit expects its per-share earnings to range from 9 cents to 11 cents.

The company said it expects revenue in the range of $955 million to $975 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $983.2 million.

Intuit expects full-year earnings in the range of $6.40 to $6.50 per share, with revenue ranging from $6.53 billion to $6.63 billion.

Intuit shares have increased 35 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 7 percent. In the final minutes of trading on Thursday, shares hit $212.45, a climb of 57 percent in the last 12 months.

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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