- Intuit (INTU) claims $120M in revenue that was expected in FQ2 (its Jan. quarter) was pushed out to FQ3 as a result of the IRS' decision to hold off on accepting tax returns on Jan. 31, and the delayed processing of tax returns by state governments. (PR)
- As a result, the company now expects FQ2 revenue of $775M-$780M and EPS of $0.01-$0.02, below a consensus of $900.6M and $0.26. However, it's maintaining FY14 (ends in July) guidance for 6%-8% revenue growth and 10%-13% EPS growth. The consensus is for 7.8% revenue growth and 11.9% EPS growth.
- FQ2 results will arrive on Feb. 20, along with the first of two seasonal updates for consumer tax product/service sales.
From other sites
Video at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
Video at CNBC.com (Mar 6, 2015)
at CNBC.com (Feb 20, 2015)
at CNBC.com (Feb 19, 2015)
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