-=Intuit (INTU) reported earnings on Thur 21 Nov 2019 (a/h)

Intuit beats by $0.16, beats on revs; guides JanQ EPS below consensus, revs above consensus; reaffirms FY20 EPS and revs guidance

Reports Q1 (Oct) earnings of $0.41 per share, excluding non-recurring items, $0.16 better than the S&P Capital IQ Consensus of $0.25; revenues rose 14.7% year/year to $1.17 bln vs the $1.12 bln S&P Capital IQ Consensus.

Co issues mixed guidance for Q2 (Jan), sees EPS of $1.00-1.03, excluding non-recurring items, vs. $1.16 S&P Capital IQ Consensus; sees Q2 revenue growth of +11-13%, which we compute as $1.67-1.70 bln vs. $1.66 bln S&P Capital IQ Consensus.

Co reaffirms guidance for FY20, sees EPS of $7.50-7.60, excluding non-recurring items, vs. $7.58 S&P Capital IQ Consensus; reaffirms FY20 revs of $7.44-7.54 bln vs. $7.51 bln S&P Capital IQ Consensus.