Intuit (INTU) Tops Q2 EPS by 1c; Reaffirms Outlook
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Intuit Reports Preliminary Consumer Tax Units: Reiterates Full-Year Guidance
February 23, 2017 4:01 PM ESTMOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU) today released the first of two seasonal updates for its fiscal year 2017 consumer tax offerings. Through Feb. 18, sales of TurboTax units declined 5 percent versus the comparable prior-year period as the tax season is off to a slow start for all preparation methods.
The most recent Internal Revenue Service data through Feb. 17 shows total e-filed returns down 13 percent while self-prepared e-filings were down approximately 11 percent and assisted e-filings down 16 percent.
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