Intuit Expects FY21 Operating Income to Rise at Least About 11%
By Allison Prang
Intuit Inc. is guiding for its operating income for this fiscal
year to increase by at least about 11% and for earnings to rise,
the company said Thursday.
Intuit said it expects operating income to be up between about
11% to 14% from a year ago. It is expecting between $2.425 billion
and $2.475 billion in operating income. On an adjusted basis, it
expects between $2.96 billion and $3.01 billion in operating
The company said it expects earnings to be between $7 and $7.15
a share. It expects year-over-year growth of between about 1% and
3%, it said. The company is guiding for adjusted earnings to
between $8.40 a share and $8.55 a share. According to FactSet,
analysts are expecting $8.46 a share.
Intuit expects fiscal-year revenue to increase between about 8%
to 10% year over year and for it to be between $8.265 billion and
$8.415 billion, it said. Analysts expect $8.25 billion.
For the second quarter, Intuit said it expects revenue to rise
by between about 8% to 9%. It expects earnings to be between 89
cents a share and 92 cents a share and for adjusted earnings to be
between $1.31 a share and $1.34 a share. Analysts are expecting
$1.23 a share for adjusted earnings.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires
November 19, 2020 16:34 ET (21:34 GMT)
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