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Intuit Shares Fall on Soft Guidance

Posted, by birdie31 on February 23rd, 2007

Tax software maker Intuit reported FQ2 profits fell 22% from a year ago, and lowered guidance for F2007, sending shares lower in after-hours trading.intu Net income was $145.4 million (EPS of $0.40) versus $183 million (EPS of $0.50) in the prior-year period. EPS after 1-time items was $0.45 on revenue of $763.3 million -- a 3% gain from the year-earlier period.

Authored by, birdie31
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