NEW YORK (TheStreet) -- Intuit (INTU) stock is sliding after the bell following the release of weaker-than-expected fourth-quarter and full-year guidance. In post-market trading, shares had dropped 5% to $73.02.
For its fourth quarter ending July, management guided for earnings of 6 cents to 8 cents a share and revenue of $683 million to $713 million. Analysts surveyed by Thomson Reuters expected net income of 12 cents a share and revenue of at least $712.2 million.
Over fiscal 2014, the enterprise software developer expects earnings of $3.54 to $3.58 a share and revenue between $4.48 billion and $4.51 billion. Analysts estimated at least $3.58 a share and $4.49 billion in sales.
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TheStreet Ratings team rates INTUIT INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTUIT INC (INTU) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."