The software provider narrowed its full-year guidance
The software provider narrowed its full-year guidance, now expecting $2.92 to $2.97 a share in adjusted earnings on revenue of $4.21 billion to $4.22 billion. Its previous view was $2.90 to $2.97 in earnings and $4.19 billion to $4.29 billion in revenue. For the current quarter, Intuit lowered its adjusted earnings view by 1 cent, to 5 cents to 7 cents a share. It expects revenue of $647 million to $662 million, in line with estimates of $652 million from analysts polled by Thomson Reuters.
Thursday, May 17, 5:59 PM More on Intuit (INTU): FQ3 come in mixed, beating on its EPS but missing on revenue. Net profit rose 6.7% as the company's tax-preparation business posted better revenue during its most critical quarter. The company narrows its FY12 guidance, now expecting $2.92 - $2.97 per share on revenue of $4.2B. Its previous view was for an EPS of $2.90 - $2.97 on revenue between $4.19B - $4.29B. Shares