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Tickers in this Article: INTU
Intuit (Nasdaq:INTU) announced its results for the most recent quarter on May 17, 2012. Intuit provides business and financial management solutions for businesses, consumers, accounting professionals and financial institutions.

Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: Earnings: Quality Means Everything

The Numbers: Intuit posted an EPS above analyst expectations, despite revenues falling short of predictions. The company reported adjusted net income of $2.51 per share versus the $2.39 per share estimate and revenues of $1.95 billion versus the $1.96 billion estimate. Revenue climbed 5.2% from the same period last year. Net income for the third quarter was $734 million. This is 6.7% higher than the year-ago quarter.

Management Quote: "Small business and consumer tax delivered 11 percent revenue growth year to date - a solid performance overall," said Brad Smith, Intuit's president and chief executive officer.

Looking Ahead: Analysts seem more negative about the company's results for the next quarter than 90 days ago. The average estimate for the fourth quarter has moved from a loss of 2 cents a share to a loss of 4 cents over the last 90 days. A decreasing earning estimate is a negative sign and usually leads to a drop in the stock price. Over the past three months, the average estimate for the fiscal year has climbed from $2.57 per to share to $2.59.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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