Intuit Inc. released its guidance for its fiscal third quarter 2018 and disclosed its results for the fiscal second quarter.
The company projects GAAP EPS of $4.32 to $4.37 and non-GAAP EPS of $4.57 to $4.62 for the fiscal third quarter ending April 30.
The consensus normalized EPS estimate for the fiscal third quarter was $4.61, according to S&P Capital IQ.
Intuit sees GAAP operating income of about $1.54 billion to $1.56 billion and non-GAAP operating income of $1.64 billion to $1.66 billion for the fiscal third quarter. Revenue is expected to be about $2.79 billion to $2.84 billion.
The company also reported a net loss of $21 million, or a loss of 8 cents per share, in the fiscal second quarter, which ended Jan. 31. This was down from net income of $13 million, or 5 cents per share, in the year-ago period.
Non-GAAP net income for the fiscal second quarter was $91 million, or 35 cents per share, compared to $67 million, or 26 cents per share, in the prior-year quarter.
The S&P Capital IQ consensus normalized EPS estimate for the fiscal second quarter was 34 cents.