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Short Take: Intuit posts flat earnings

Intuit posted flat profits and revenues in the second quarter, in line with analysts' expectations. The financial software company reported profits of $47 million for the quarter, excluding a gain on the sale of discontinued operations, compared with profits of $46.4 million posted a year ago. Revenues based on continuing operations reached $237.5 million for the quarter, down 3 percent from a year ago.

Intuit posted flat profits and revenues in the second quarter, in line with analysts' expectations. The financial software company reported profits of $47 million for the quarter, excluding a gain on the sale of discontinued operations, compared with profits of $46.4 million posted a year ago. Revenues based on continuing operations reached $237.5 million for the quarter, down 3 percent from a year ago.