Intuit Reiterates Guidance

Improving TurboTax sales have the company on track for revenues from its key consumer tax business.
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Intuit

(INTU) - Get Report

reiterated second-quarter tax revenue guidance Thursday, based on a modest improvement in TurboTax federal software sales compared to a year ago.

In a press release, Intuit CEO Steve Bennett said the company continues to report consumer tax revenue ranging from $114 million to $124 million in its second quarter, which ends Jan. 31.

Through Jan. 10, unit sales of TurboTax federal desktop software edged up 2% compared to a year ago, Intuit reported. Customers are continuing to buy tax software later and later each year, Bennett noted in the release.

Shares of Intuit were recently down 28 cents, or 0.6%, to $49.37.