Business and finance software maker Intuit Inc. (INTU) late Tuesday posted lower-than-expected fiscal fourth quarter earnings results, but its 2013 forecast was largely in-line with estimates.
The Mountain View, CA-based company reported fiscal fourth quarter net income of $4 million, or one penny per share, compared with a net loss of $57 million, -19 cents per share, in the year-ago period. Excluding special items, adjusted profit was 3 cents per share.
Revenue rose 14% from last year to $651 million.
On average, Wall Street analysts expected a higher profit of 6 cents per share, on larger revenue of $652.54 million.
Looking ahead, INTU forecast full-year 2013 adjusted earnings to range from $3.32 to $3.38 per share, while analysts are looking for $3.37 per share for the year.
Intuit shares were mostly flat in after hours trading Tuesday.
The Bottom Line
Shares of Intuit (INTU) have a 1.15% dividend yield, based on today’s closing stock price of $58.95. The stock has technical support in the $54-$56 price area. The stock is trading near its all-time high range of $62-$63 a share.
Intuit Inc. (INTU) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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