Loser Shares Alert - (NASDAQ:INTU) Shares fall on Poor Outlook

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Intuit Inc. (NASDAQ:INTU) fell 2% to $29.67 after it posted better-than-expected results for its fiscal first quarter ended October 31, with revenue of $493 million, up 2% from a year ago, and ahead of the Street at $487.7 million. Non-GAAP loss of 10 cents a share was smaller than the expected loss of 16 cents.

For Q2, however, the company sees revenue of $800 million to $835 million, with non-GAAP EPS of 29-32 cents; the Street has been expecting $833 million and 37 cents. For the full year, the company affirmed its previous forecast of $3.3 billion to $3.43 billion in revenue, with non-GAAP operating income of $985 million to $1.025 billion.