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Intuit reaffirms Q1 guidance, expects $760 million in quarter

Staff Writer |
Intuit reaffirmed its financial guidance for the first quarter and full fiscal year 2017. The company's fiscal year runs from August 1 to July 31.

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For the first quarter, which ends October 31, the company is reiterating the guidance set and expects:

- Revenue of $740 million to $760 million, growth of 4 to 7 percent. GAAP operating loss of $65 million to $75 million. Non-GAAP operating income of $10 million to $20 million.

- GAAP loss per share of $0.19 to $0.21. Non-GAAP diluted earnings per share of $0.01 to $0.03. QuickBooks Online subscribers of approximately 1.6 million.

For fiscal year 2017, which ends July 31, the company is reiterating the guidance set and expects:

- Revenue of $5 billion to $5.1 billion, growth of 7 to 9 percent. GAAP operating income of $1.33 billion to $1.38 billion, growth of 7 to 11 percent. Non-GAAP operating income of $1.675 billion to $1.725 billion, growth of 8 to 11 percent.

- GAAP diluted earnings per share of $3.35 to $3.45, versus $3.69 in fiscal 2016. Fiscal 2016 earnings per share includes $0.65 net income per share from discontinued operations.

- Non-GAAP diluted earnings per share of $4.30 to $4.40, growth of 14 to 16 percent. QuickBooks Online subscribers of 2.0 million to 2.2 million.


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