Intuit -3.4% AH on soft FQ4 guidance

|About: Intuit Inc. (INTU)|By:, SA News Editor

Intuit (INTU) expects FQ4 revenue of $683M-$713M and EPS of $0.06-$0.08, largely below a consensus of $712.2M and $0.12.

The company met revenue estimates for seasonally huge FQ3 (set to account for over half of FY14 revenue) on the back of a 14% Y/Y increase in TurboTax Online units for tax season, and a 60K Q/Q increase in QuickBooks Online subs to 624K (+36% Y/Y).

Total product revenue rose 15% Y/Y to $735M, and service/other revenue 14% to $1.65B. Small business revenue +8%, consumer +13%, professional tax +32%.

Costs/expenses grew 11% to $894M, with sales/marketing spend rising 7% to $412M.

FQ3 results, PR