Seeking Alpha

Seeking Alpha Portfolio App for iPad

1,169 people get INTU articles and Market Currents by email alert.

Get email alerts on INTU »

INTU

Intuit Inc.

6/20/2013, 2:04 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 5, 9:42 AM Deutsche's Nandan Amladi is a busy man this morning. In addition to downgrading VMware to Hold, he's cutting Microsoft (MSFT -1.1%), Intuit (INTU -1%), and RealPage (RP -1.3%) to Hold, and upgrading Informatica (INFA +1.4%) to Buy. Regarding Microsoft, Amladi thinks "the risk/reward is neutral" at a valuation of 8x calendar 2014E EPS (exc. cash). Comment! [Tech]
Tuesday, May 21, 4:51 PM Tech guidance roundup: 1) Analog Devices (ADI - earnings) expects FQ3 revenue of $655M-$685M and EPS of $0.51-$0.56, below a consensus of $688.3M and $0.58. 2) Intuit (INTU - earnings) expects FQ4 revenue of $702M-$727M and EPS of $0.03-$0.07, largely below a consensus of $726.7M and $0.11. 3) Compuware (CPWR - earnings) expects FY14 revenue of $1B and GAAP EPS of $0.35-$0.37; consensus is for revenue of $1.01B and non-GAAP EPS of $0.42. ADI -1.3% AH. INTU +0.5%. CPWR +0.9%. (Analog Devices PR) (Intuit PR) (Compuware PR) Comment! [Tech, Earnings]
Tuesday, May 21, 4:01 PM Intuit (INTU): FQ3 EPS of $2.97 beats by $0.04. Revenue of $2.18B (+13% Y/Y) in-line. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, May 21, 12:10 AM Notable earnings after Tuesday’s close: NTAP,ADI, CPWR, INTU, Comment! [Earnings]
Monday, May 20, 6:19 PM Intuit (INTU) unveils a big restructuring a day before its FQ3 report arrives. Starting Aug.1 (the beginning of FY14), Intuit will be split into 6 units: Small Business Financial Solutions (QuickBooks, Intuit Payments), Small Business Management Solutions (employee management, Demandforce), Consumer Tax (TurboTax), Consumer Ecosystem (Quicken), Accounting Professionals, and Financial Services (online banking). Kiran Patel and Alex Lintner, currently the respective chiefs of Intuit's Small Business and Global Business units, will be leaving. (tax season results) Comment! [Tech]
Monday, May 20, 5:35 PM Notable earnings after Tuesday’s close: NTAP,ADI, CPWR, INTU, Comment! [Earnings]
Thursday, April 25, 9:12 AM Premarket gainers: MPG +23%. INFN +19%. AKAM +17%. FIO +16%. CLF +8%. YNDX +7%. NXST +7%. NOW +7%. CAB +6%. CAKE +6%.
Losers: XIDE -15%. WHX -14%. INTU -13%. ZNGA -9%. MLNX -8%. AVEO -7%. CTXS -7%. 1 Comment [On the Move]
Wednesday, April 24, 5:52 PM After-hours top gainers, as of 5:15 p.m.: AKAM +16%. FIO +12%. AVG +10%. ANGI +8%. BYI +6%.
After-hours top losers: SUPN -14%. CTXS -12%. EQIX -11%. INTU -10%. ZNGA -8%. Comment! [On the Move]
Wednesday, April 24, 5:06 PM Intuit (INTU) -9% AH after providing disappointing tax season data for its TurboTax products/services, and lowering guidance as a result. The company now expects FQ3 (April quarter) revenue of $2.165B-$2.175B and EPS of $2.92-$2.94, below a consensus of $2.25B and $3.01. FY13 guidance is now for revenue of $4.495B-$4.52B and EPS of $3.31-$3.35, below a consensus of $4.59B and $3.44. Total TurboTax units rose 3% Y/Y over the 2012 season to 25.3M, and TurboTax eFiles rose 4% to 26.5M. Accounting Professionals and Small Business sales are expected to hit prior guidance. (PR) Comment! [Tech, Earnings, On the Move]
Monday, March 11, 9:55 AM BofA/Merrill downgrades Intuit (INTU -2%) to Neutral on valuation grounds, while cutting its PT to $66 from $71. Shares of the tax software giant currently trade at 17.6x FY14E (ends July '14) EPS. Comment! [Tech]
Wednesday, February 27, 11:10 AM Nordstrom (JWN +1.5%) will let users of personal finance site Mint.com (INTU) access credit card data through the site again after blocking off the site late last year. The development is noteworthy with other retailers such as Gap, Amazon, and Brooks Brothers also limiting access through their credit card provider - ostensibly due to security concerns but more likely as a way to limit the data mining and competitive pressure put on by sites like Mint. Comment! [Consumer, Tech]
Thursday, February 21, 4:03 PM Intuit (INTU): FQ2 EPS of $0.33 in-line. Revenue of $968M (-3% Y/Y) beats by $4.81M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, February 21, 12:10 AM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD Comment! [Earnings]
Wednesday, February 20, 5:35 PM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD 2 Comments [Earnings]
Thursday, February 7, 6:24 PM Citing a shift in tax revenue from FQ2 (ended in January) to FQ3 on account of the late passage of fiscal cliff legislation and the IRS' delayed opening of e-file, Intuit (INTU) says it expects to report FQ2 revenue of $960M-$965M, below a $1.03B consensus, on Feb. 21. However, the company's FY13 guidance remains unchanged. Shares have barely moved AH. (PR) Comment! [Tech, Earnings]
Tuesday, January 29, 1:49 PM Intuit (INTU) has acquired the assets of Payvment, a startup offering e-commerce infrastructure and ad-buying services to ~200K merchants relying on Facebook (FB). Payvment's customers have been transferred to rival Ecwid. Payvment's failure is raising fresh questions about Facebook's own ability to profit from e-commerce referral traffic. Though its Gifts product has seen some early uptake, skeptics argue Facebook's news feed (unlike Google searches) doesn't lend itself well to driving e-commerce activity. Comment! [Tech, M&A]