Intuit Shrugs Off Tough Tax Season With More Subscribers
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Intuit Inc. shrugged off setbacks for its TurboTax software, including a rise in fraudulent state filings, to generate sales that exceeded analysts’ estimates for its most important quarter.
The Mountain View, California-based company reported revenue of $2.19 billion in the fiscal third quarter, topping the $2.15 billion average of analysts’ estimates compiled by Bloomberg. Intuit also raised its annual sales forecast to $4.4 billion to $4.42 billion, the company said Thursday in a statement.