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Intuit Cuts Q3, FY13 Outlook

Intuit Inc. (INTU) announced that it expects third-quarter GAAP earnings in the range of $2.79 to $2.81 per share, non-GAAP earnings of $2.92 to $2.94 per share and revenue in the range of $2.17 billion to $2.18 billion.

Earlier, the company expected GAAP earnings in the range of $2.83 to $2.88 per share, non-GAAP earnings of $2.94 to $3.04 per share and revenue in the range of $2.22 billion to $2.28 billion.

Analysts now expect third quarter earnings of $3.01 per share and revenue of $2.25 billion.

The company expects fiscal 2013 GAAP earnings in the range of $2.90 to $2.94 per share, non-GAAP earnings of $3.31 to $3.35 per share and revenue in the range of $4.50 billion to $4.52 billion.

Earlier, the company expected GAAP earnings in the range of $2.96 to $3.02 per share, non-GAAP earnings of $3.40 to $3.46 per share and revenue in the range of $4.55 billion to $4.65 billion.

Analysts currently expect fiscal 2013 earnings of $3.44 per share and revenue of $4.59 billion.

by RTTNews Staff Writer

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