Intuit expects profit below estimates on higher marketing spend during US tax season [Yahoo! Finance]
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: Yahoo! Finance
By Jaspreet Singh Feb 26 (Reuters) - Intuit forecast third-quarter profit below Wall Street estimates on Thursday, as it anticipates higher marketing spending ?to attract more customers during the U.S. tax season. The third ?quarter is typically Intuit's strongest, as the tax season boosts demand for the company's financial ?management tools such as TurboTax, Credit Karma, and QuickBooks. The Internal Revenue Service (IRS), the U.S. federal government agency, began accepting federal tax returns on January 26 this year, with the filing deadline set for April 15. Intuit CFO Sandeep Aujla ?told Reuters that increased ?marketing and customer support spending are deployed in the third quarter to capitalize on the tax season and drive ?growth in the assisted tax and QuickBooks segments. The company forecast adjusted earnings per share of $12.45 to $12.51 for the third quarter ending April 30, compared with ?analysts' average ?estimate of $12.95, according to data compiled ?by LSE
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- 2/3/26 - Beat
HRB
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- 2/3/26 - Form 8-K
- HRB's page on the SEC website