Intuit Reiterates Q1 & FY25 Guidance

(RTTNews) - Intuit Inc. (INTU) reiterated first-quarter and fiscal 2025 guidance, previously announced on Aug. 22, 2024. For the full fiscal year, the company expects: revenue of $18.160 billion to $18.347 billion, growth of approximately 12 to 13 percent; GAAP earnings per share of $12.34 to $12.54, growth of approximately 18 to 20 percent; and non-GAAP earnings per share of $19.16 to $19.36, growth of approximately 13 to 14 percent.

For the first quarter, which ends Oct. 31, the company expects: revenue growth of approximately 5 to 6 percent; GAAP earnings per share of $0.61 to $0.66; and non-GAAP earnings per share of $2.33 to $2.38. The company noted that its GAAP guidance for the first quarter reflects an expected $19 million restructuring charge that the company expects to incur in the first quarter related to the reorganization.

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