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Turbo Tax maker Intuit expects to set higher fiscal 2021 guidance

Intuit Inc. (INTU) said late Tuesday it will likely surpass the high end of its fiscal 2021 full-year sales and GAAP and adjusted earnings guidance, set in February, but warned that its revenue and other metrics for its fiscal third quarter were lower than expected due to the tax-filing deadline extension to May 17. Intuit said it will update its fiscal 2021 guidance when it reports fiscal third-quarter earnings on May 25. For that quarter, the company said it expects to report sales between $4.165 billion to $4.170 billion, down from a prior guidance range of between $4.605 billion and $4.655 billion. It called for GAAP per-share earnings between $5.20 and $5.25, and adjusted EPS earnings between $6 to $6.05, down from a previous range of between $6.75 and $6.85.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

 

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05-11-21 1722ET

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