Intuit Inc. (INTU) 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.
Intuit gapped open dramatically lower Thursday, but moved in a narrow range throughout the session. The stock closed down by 7.10 at $57.09 on the highest volume of the year. Intuit sank to over an 8-month low and fell below its 200-day moving average.
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