Tax and small business software maker
reiterated fiscal year 2003 guidance Tuesday at a meeting with analysts at its headquarters.
Confirming guidance provided in August, Intuit said it expects revenue of $1.7 billion to $1.8 billion, or growth of 25% to 33%, in fiscal year 2003, which began in August. The Mountain View, Calif.-based company expects pro forma earnings of $1.30 to $1.36 a share, representing growth of 34% to 40%.
The company, whose consumer tax business represented 26% of fiscal 2002 revenue, plans to launch three new TurboTax offerings: a Spanish version, a deluxe version for retirees and people planning to retire, and a deluxe version for active investors.
Shares of Intuit declined $1.29, or 2.7%, to close at $46.34. In after-hours trading, shares fell to $45.72.