NEW YORK (TheStreet) -- Intuit (INTU) was falling -2.1% to $84.01 after-hours Thursday after missing analysts' estimates for earnings in the fiscal fourth quarter and guiding below expectations for the fiscal first quarter.
The QuickBooks developer reported a loss of -1 cent a share, while analysts surveyed by Thomson Reuters expected earnings of 7 cents a share. Revenue grew 12.6% from the year-ago quarter to $714 million. Analysts expected revenue of $699.49 million for the quarter.
Looking to the fiscal first quarter Intuit expects a loss of -20 cents to -21 cents and revenue of $620 million to $630 million. Analysts expect s loss of -4 cents and revenue of $680.61 million for the upcoming quarter.
TheStreet Ratings team rates INTUIT INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTUIT INC (INTU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow."