Intuit Misses, Q4 Sales Up 14 Percent To $651M

Intuit reported fourth-quarter earnings today, with Q4 revenue increasing by 14 percent to $651 million. The company missed analyst expectations, with $0.03 in Non-GAAP earnings. Analysts expected $0.06 cents a share on revenue of $652.6 million. Net income came in at $4 million for the quarter. ?Fiscal 2012 was another strong year for Intuit, with 10 percent revenue growth and earnings per share growth of 16 percent,? said Brad Smith, Intuit?s president and chief executive officer. ?Our results and our outlook reflect the steady strength of our core businesses and Intuit?s resilience in the choppy macroeconomic environment.

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