Intuit - News

Ticker Symbol: INTU

Intuit News - Upcoming

With Entellium filing for bankruptcy, Intuit could be in prime position to scoop pieces of the privately held customer relationship management software provider. In bankruptcy court, Entellium listed assets of $37.7 million and liabilities of $12.7 million.

As earnings season approaches, investors will be keeping a watchful eye on Intuit's quarterly results to gage how impacted the firm's revenue stream has been by the slumping economy.

Intuit News - Past

On November 19, 2008, the tax preparation software provider cut its full-year and quarterly guidance, citing continued weakness in small business spending. Intuit's Q1 EPS ticked in at 9 cents, topping Wall Street's forecast for a 12 cent loss. Intuit projects its Q2 EPS in the 40-42 cent range, lower than Wall Street's 46 cent estimate. The firm estimates Q2 revenue of $860 to $880 million, representing a 3 to 5 percent increase. Full-year revenue guidance was revised down to $3.26 billion to $3.38 billion.

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