By Colin Kellaher
Intuit Inc. (INTU) on Thursday reiterated its guidance for its fiscal first quarter and all of fiscal 2020.
The Mountain View, Calif., maker of TurboTax and QuickBooks said it still expects adjusted earnings of 23 cents to 25 cents a share for the quarter ending Oct. 31, with revenue up 9% to 11% to $1.105 billion to $1.125 billion.
Analysts polled by FactSet, on average, are expecting an adjusted profit of 25 cents a share on revenue of $1.125 billion.
For the fiscal year ending July 31, 2020, Intuit said it still expects adjusted earnings of $7.50 to $7.60 a share on revenue of $7.44 billion to $7.54 billion, representing revenue growth of 10% to 11%.
Analysts polled by FactSet expect a full-year profit of $7.57 a share on revenue of $7.51 billion.
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