Intuit: Fiscal Q2 Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Intuit Inc. (INTU) on Thursday reported fiscal second-quarter net income of $353 million.

The Mountain View, California-based company said it had net income of $1.25 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $2.63 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.

The maker of TurboTax, QuickBooks and other accounting software posted revenue of $3.39 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $3.38 billion.

For the current quarter ending in April, Intuit expects its per-share earnings to range from $9.31 to $9.38.

The company expects full-year earnings in the range of $16.17 to $16.47 per share, with revenue ranging from $15.89 billion to $16.11 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