Intuit beats by $0.06, beats on revs; guides FY08 EPS above consensus, revs above consensus; issues $600 mln buyback

Briefing.com

Posted: 2008-05-20 16:08:00

Reports Q3 (Apr) earnings of $1.39 per share, $0.06 better than the First Call consensus of $1.33; revenues rose 15.3% year/year to $1.31 bln vs the $1.29 bln consensus. Co issues upside guidance for FY08, sees EPS of $1.61-1.63 vs. $1.59 consensus, up from $1.56-1.58 previously announced; sees FY08 revs of $3.05-3.06 vs. $3.02 bln consensus, up from $3.0-3.5 bln previously announced. Intuit also announced a new stock repurchase program authorizing the purchase of up to $600 mln of Intuit stock over the next three years.