EmailIntuit (INTU $56.51 +2.20) reported third quarter earnings of $2.51 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $2.48. Revenues rose 5.2% year over year to $1.95 billion versus the $1.96 billion consensus. The company issued in-line guidance for the fourth quarter, seeing EPS of $0.05-0.07, excluding non-recurring items, versus the $0.06 Capital IQ Consensus Estimate. Revenues are expected to be $647-662 million versus the $652.25 million Capital IQ Consensus Estimate. Brad Smith, Intuit's President and CEO said, "Small business and consumer tax delivered 11 percent revenue growth year to date - a solid performance overall. In tax, we continue to be at the center of the shift to digital tax preparation. The digital category grew 5 percent this year, significantly faster than any other method, but slower than we had planned. With the tax season over, we'll assess our main growth drivers and apply that knowledge as we look toward next tax season."
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