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Intuit's 3Q Earnings Outlook Beats Analysts' Expectations

By Kimberly Chin


Intuit Inc. expects third-quarter earnings to top analysts' forecast as the company enters the 2021 tax season.

The financial management tools company behind products like TurboTax, QuickBooks and Mint expects earnings between $5.85 and $5.95 a share for the current quarter. Analysts polled by FactSet were expecting $5.36 a share.

On an adjusted basis, it anticipates earnings in the range of $6.75 to $6.85, beating analysts' consensus estimates of $6.50 a share.

Intuit expects third-quarter revenue to rise by 53% to 55% year over year.

The company reaffirmed its fiscal year 2021 outlook.

Shares fell 3.5% after hours to $385.


Write to Kimberly Chin at


(END) Dow Jones Newswires

February 23, 2021 16:50 ET (21:50 GMT)

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