Intuit Inc. Profit Advances 93% In Q1

(RTTNews) - Intuit Inc. (INTU) revealed earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $29 million, or $0.11 per share. This was higher than $15 million, or $0.06 per share, in last year's first quarter.

The company said revenue for the quarter rose 13.9% to $886 million. This was up from $778 million last year.

Intuit Inc. earnings at a glance:

-Earnings (Q1): $29 Mln. vs. $15 Mln. last year. -Earnings Growth (Y-o-Y): 93.3% -EPS (Q1): $0.11 vs. $0.06 last year. -EPS Growth (Y-o-Y): 83.3% -Revenue (Q1): $886 Mln vs. $778 Mln last year. -Revenue Change (Y-o-Y): 13.9%

-Guidance: Next quarter EPS guidance: $0.31 to $0.34 Next quarter revenue guidance: $1.16 - $1.18 Bln Full year EPS guidance: $4.90 to $5.00 Full year revenue guidance: $5.64 - $5.74 Bln