Intuit (INTU) Reduces Revenue Guidance On Legislation, IRS Delay
Intuit Inc. (NASDAQ: INTU), a provider of tax and payroll processing services, reduced its quarterly revenue forecast due to late start of tax season and expects a shift of tax revenue to third quarter from the second quarter. Mountain View, California-based Intuit cited the updated guidance to "the late passage of tax legislation and the Internal Revenue Service's (IRS) delay in opening e-file." [More...]
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