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Intuit forecasts quarterly results below estimates on weak demand, promotions delay

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:Intuit projected second-quarter revenue and profit below market estimates on Thursday, hampered by sluggish demand for its financial management services and a planned change in the timing of its promotions. Shares of the Mountain View, California-based company were down nearly 7 per cent in extended trading. The company's consumer group, which caters to individuals, is expected to see a single-digit revenue decline in the second quarter due to the delay in promotions for the desktop offering

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Intuit forecasts quarterly results below estimates on weak demand, promotions delay https://www.channelnewsasia.com/ - 01:20
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