Intuit Slips To Loss In Q4; Issues FY14 Outlook - Quick Facts

(RTTNews) - Intuit Inc. (INTU) Tuesday reported fourth-quarter net loss of $16 million or $0.05 per share, compared to net income of $4 million or $0.01 per share in the comparable quarter last year.

Excluding items, net income for the quarter declined to $1 million or breakeven per share from $4 million or $0.01 per share last year.

Total net revenue for the quarter increased 12 percent to $634 million from $567 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected earnings of $0.00 per share on revenues of $622.95 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company expects GAAP net loss of $0.10 to $0.11 per share, adjusted loss of $0.10 to $0.11 per share and revenues of $595 million to $605 million.

Analysts currently estimate loss of $0.03 per share and revenues of $619.01 million for the first quarter.

For the full fiscal year 2014, Intuit expects GAAP earnings in the range of $3.11 to $3.19 per share, Non-GAAP earnings of $3.52 to $3.60 per share and revenue of $4.44 billion to $4.53 billion.

Analysts currently estimate earnings of $3.54 per share on revenues of $4.53 billion for the year.

In August, Intuit's board of directors approved a new quarterly cash dividend of $0.19 per share, an increase of 12 percent, payable on Oct. 18 to shareholders of record as of the close of business on Oct. 10.