Intuit (INTU) Reduces Revenue Guidance On Legislation, IRS Delay
Posted on February 08, 2013 at 12:09 PM EST
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...]