Intuit Tops Forecasts
Intuit
(INTU)
posted fiscal second-quarter earnings that beat analysts' estimates.
The company, which makes accounting and tax software software under the
Quicken
brand name, reported net earnings of $104.2 million, or 48 cents a share. In the year-ago quarter, Intuit earned $91.4 million, or 44 cents a share. Sixteen analysts polled by
First Call/Thomson Financial
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pegged the company to earn 45 cents a share.
Intuit reported second-quarter revenue of $457.6 million, up from $425.5 million in the same quarter last year. The company said revenue in the third fiscal quarter would be between $455 million and $470 million. The company said that range would be an increase of 38% to 43% from the year-ago period.
Intuit lost $2.13, or 6%, to close at $32.69 on the
Nasdaq
. In after-hours trading on
Island
, shares were recently at $34.75.
