Intuit Inc. (INTU) recently reiterated its guidance for the first quarter and full fiscal year 2010. California-based Intuit is a leading provider of business and financial management solutions. Its flagship products and services include QuickBooks, Quicken and TurboTax. The company expects first-quarter revenue between $479 million and $493 million, up 0% – 2% year over year. Net loss (excluding one time charges/gains) is projected between 19 cents and 15 cents. For full-year 2010, Intuit sees sales between $3.30 billion and $3.43 billion, up 4% – 8%. Earnings per share (EPS) are estimated between $1.89 and $1.96. Last month, the company reported weak results for the fiscal fourth quarter as there was a fall in sales growth from tax software as the number of tax filers did not increase as per historical levels. Management had then stated that it expects a strong rebound or significant ...

Intuit Inc. (INTU, Hold) issued its fiscal Q209 results yesterday after the bell. Although year-over-year comparisons were negative, both for revenue and EPS, the company beat both our and consensus expectations by a comfortable margin. Q3 and full-year guidance was also softened considerably, particularly at the bottom line, reflecting the management’s concern of the softening economic environment. Nevertheless, the stock traded up sharply after the market close yesterday and is up nearly 12% so far today.The tax preparation software maker’s EPS beat came mainly from tight cost control, although operating income as a percentage of revenues fell nearly 5.2% on a year-over-year basis. Part of this decline was attributed to a deference of approx. $70 million of revenue from its top-selling TurboTax tax-preparation software to the 3rd quarter because of a change in the way it priced the product. Without the change in revenue timing, non-GAAP …