Intuit Inc. (INTU) stock prices updated...
 

Intuit Inc. stock price

Intuit Inc. latest news:


  • 08/22/2017 14:26:02

    Intuit stock down after hours on fourth-quarter earnings and CFO change

    Intuit Inc. shares edged down in the extended session Tuesday after the company's fourth-quarter earnings beat Wall Street expectations. Intuit shares fell just over 1% to $136.44 after hours. The financial software provider's net income grew to $24 million, or 9 cents a share, with a loss of $40 million, or 16 cents a share, in the year-ago period. Adjusted earnings were 20 cents a share. Revenue increased 12% to $842 million from $754 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 17 cents a share on revenue of $809 million. Intuit also announced its Chief Financial Officer R. Neil Williams will step down in January, to be replaced by Michelle Clatterbuck. Executives issued first-quarter sales guidance of between $840 million and $860 million, and adjusted earnings of 3 cents to 5 cents per share. Analysts model first-quarter adjusted earnings of 11 cents a share on sales of $851 million. Intuit stock has gained more than 20% year-to-date, while the S&P 500 index has gained 9.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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