TurboTax developer Intuit (INTU) said Tuesday, confirming reports out late Monday, that it will buy bill-payment app provider Check for $360 million in cash and other considerations. Palo Alto, Calif.-based Check makes a smartphone app that it says is used by more than 10 million people. It tracks bank accounts and credit cards, and notifies users when bills are due or funds are inadequate. Intuit says the acquisition will accelerate its ability to
Intuit (INTU) late Thursday topped Wall Street’s fiscal Q2 revenue expectations and raised its current-quarter guidance. Intuit stock was up 5% in early afternoon trading in the stock market today, near 77.70. Earlier, Intuit stock was up as much as 6.6%, at an all-time high of 78.74. The company said revenue for the quarter ended Jan. 31 fell 12% from the year-earlier quarter to $782 million, but that topped the $778.9 million expected by
Tech companies are taking a pass on this year’s Super Bowl. At this point, we could find only two tech companies, GoDaddy and Intuit (INTU), set to run ads for Super Bowl XLVIII on Feb. 2. Best Buy (BBY), BlackBerry (BBRY), Cars.com and E-Trade Financial (ETFC) opted out after running ads last year. CareerBuilder.com, Hulu and TaxAct, which advertised two years ago, are sitting out a second straight big game. The event, though, continues to be the