The Mountain View, CA-based company reported fiscal Q4 EPS of $0.08, easily beating analyst estimates for a loss of $0.02. Revenue rose 8.3% from last year to $754 million, also beating Wall Street’s view of $735.35 million.
Looking ahead, INTU forecast Q1 EPS of $0.01 to $0.03, which would badly miss analyst estimates for $0.13. Revenue is expected to range from $740 to $760 million, which would also miss estimates of $772.96 million.
For the full year 2017, Intuit expects EPS of $4.30 to $4.40, which straddles Wall Street’s estimate of $4.34. The company’s revenue forecast of $5.0 to $5.1 billion is also in-line with estimates.
From the press release:
“This was a strong year from start to finish,” said Brad Smith, Intuit’s chairman and chief executive officer. “One of our strategic goals is to be the operating system behind small business success, and our small business ecosystem remains vibrant. Total QuickBooks Online subscribers grew to more than 1.5 million, and small business online ecosystem revenue grew 25 percent for the year.
“Our tax businesses had another strong year, turning up the innovation machine to compete effectively in the marketplace.
“We are looking forward to building on this success in fiscal 2017,” Smith said.
Intuit shares fell $3.91 (-3.43%) to $109.93 in after-hours trading. Prior to today’s report, INTU had gained 18% year-to-date, versus a 7% rise in the S&P 500 index during the same period.