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TurboTax maker Intuit reports bigger loss
August 21, 2014 / 8:10 PM / 3 years ago

TurboTax maker Intuit reports bigger loss

Aug 21 (Reuters) - Intuit Inc, the developer of tax-preparation software TurboTax, reported a bigger quarterly loss due to higher expenses.

The company’s net loss widened to $39 million, or 14 cents per share, in the fourth quarter ended July 31, from $16 million, or 5 cents per share, a year earlier.

Total expenses rose about 13 percent to $787 million. (Reporting By Neha Dimri in Bangalore; Editing by Maju Samuel)

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