Intuit Inc. Q3 Profit Increases, beats estimates

(RTTNews) - Intuit Inc. (INTU) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $1.79 billion, or $6.28 per share. This compares with $1.46 billion, or $5.30 per share, in last year's third quarter.

Excluding items, Intuit Inc. reported adjusted earnings of $2.18 billion or $7.65 per share for the period.

Analysts on average had expected the company to earn $7.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 35.0% to $5.63 billion from $4.17 billion last year.

Intuit Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.79 Bln. vs. $1.46 Bln. last year. -EPS (Q3): $6.28 vs. $5.30 last year. -Analyst Estimate: $7.58 -Revenue (Q3): $5.63 Bln vs. $4.17 Bln last year.

-Guidance: Next quarter EPS guidance: Adj: $0.94 - $1.00 Full year EPS guidance: Adj: $11.68 - $11.74 Full year revenue guidance: $12.633 - $12.674 B