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Intuit's Lesson for Microsoft and Hollywood | |
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||
| Time: 16:00 EST/21:00 GMT | News Source: Business 2.0 | Posted By: Robert Stein | ||
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Last week investors sent Intuit (INTU) stock up about $2.70 (roughly 8 percent) after the company reported solid third-quarter results. But tucked inside the earnings announcement was a policy change that may generate bigger revenues for the company in the future. All told, the company had a strong quarter. Revenue increased 29 percent, year over year, to $634.7 million. Net income rose to $294 million. All good -- except the company had told analysts to expect revenues between $685 million and $725 million. | ||
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