Intuit Q2 Loss From Cont. Ops. Widens; Reiterates FY15 Guidance - Quick Facts

(RTTNews) - Intuit Inc. (INTU) reported a second-quarter loss from continuing operations of $66 million or $0.23 per share, compared to a loss of $37 million or $0.13 per share, prior year. Adjusted loss per share was $0.06, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $808 million from $782 million last year. Analysts expected revenue of $786.63 million for the quarter.

For the third quarter of fiscal 2015, Intuit expects: Revenue of $2.075 billion to $2.150 billion; GAAP earnings per share of $2.50 to $2.55; and Non-GAAP earnings per share of $2.70 to $2.75. Analysts expect the company to report third-quarter earnings per share of $2.88 on revenue of $2.23 billion.

For the fourth quarter of fiscal 2015, Intuit expects: Revenue of $720 million to $745 million; GAAP loss per share of $0.23 to $0.25; and Non-GAAP loss per share of $0.06 to $0.08.

For fiscal year 2015, Intuit expects: Revenue of $4.275 billion to $4.375 billion, a decline of 3 to 5 percent; GAAP EPS of $1.70 to $1.75; and non-GAAP EPS of $2.45 to $2.50. Analysts expect the company to report fiscal 2015 earnings per share of $2.47 on revenue of $4.34 billion.