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Intuit Inc. (INTU) Is Falling After Guidance Revision

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Intuit Inc. (INTU: Quote) announced after the bell Wednesday that it expects approximately 4 percent revenue growth in TurboTax for the 2013 fiscal year. The company now expects to report third quarter non-GAAP EPS of $2.92 to $2.94, compared to prior expectations of $2.99 to $3.04. Full year 2013 non-GAAP EPS is now expected to be between $3.31 and $3.35, compared to previous guidance of $3.40 to $3.46. The stock is now down 5 points on 38K shares.

Intuit gapped up slightly Wednesday, but was range-bound throughout the session. The stock closed up by 0.21 at $64.19.

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by RTT Staff Writer

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