Intuit, Dell, Brocade: After-Hours Trading (Update 1)
Updated from 4:46 p.m. ET to include latest share prices, additional information about Canadian Solar and Cheesecake Factory.
The Mountain View, Calif.-based company, whose products include the TurboTax and QuickBooks applications, reported non-GAAP earnings of $156 million, or 51 cents a share, for the three months ended Jan. 31 on revenue of $1.02 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of 45 cents a share in the quarter on revenue of $1.01 billion.
For its fiscal third quarter ending in April, Intuit sees non-GAAP earnings of $2.47 to $2.55 a share on revenue ranging from $1.95 billion to $1.99 billion. The current analysts' view for the quarter is for a profit of $2.49 a share on revenue of $1.98 billion. The third quarter is the company's biggest each year because of the April 15 deadline to complete income taxes.
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