Intuit Q4 Loss Widens; Issues Q1, FY15 Outlook - Quick Facts

(RTTNews) - Accounting software maker Intuit Inc. (INTU) Thursday reported fourth-quarter net loss of $39 million or $0.14 per share, wider than $16 million or $0.05 per share in the comparable quarter last year.

Excluding items, adjusted loss for the quarter were $2 million or $0.01 per share, compared to earnings of $1 million or $0.00 per share a year ago.

On average, 16 analysts polled by Thomson Reuters estimated earnings of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenues for the latest fourth quarter were $714 million, compared with $634 million a year ago, while thirteen analysts had a consensus revenue estimate of $699.49 million for the quarter.

Looking ahead to the first quarter, Inuit expects GAAP loss of $0.36 to $0.37 per share, adjusted loss of $0.20 to $0.21 per share and revenues of $620 million to $630 million. Analysts expect loss of $0.04 per share on revenues of $680.61 million for the first quarter.

For fiscal 2015, Intuit expects net earnings in the range of $1.70 to $1.75 per share, adjusted earnings of $2.45 to $2.50 per share, revenues of $4.28 billion to $4.38 billion and adjusted revenue in the range of $4.75 billion to $4.85 billion. Analysts expect earnings of $3.97 per share on revenues of $4.85 billion for the year.