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 kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

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

Copyright (c) 2021 Dow Jones & Company, Inc.
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Intuit Charts.
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Intuit Charts.