NasdaqGS:INTUSoftware
Intuit (INTU) Stock Slips As Growth Outlook Cools Despite Strong Margins
Intuit stock slipped 3.3% today, giving back some of its recent gains, even as the company posted what looks like one of the cleanest profit stories in large cap software. Full year revenue landed at US$21.4b and diluted earnings per share from continuing operations reached US$16.54 on a trailing basis, with net margin at 21.3%. The market seems more focused on the softer near term revenue outlook and customer growth reset than on a year in which profit growth comfortably outpaced sales. That...