Software maker Intuit Inc. on Wednesday reported a fiscal fourth-quarter loss that was less than Wall Street expected, before one-time charges for recent cost-cutting moves.
The publisher of Quicken financial software said it had a loss from operations of $8 million, or 17 cents a share, compared with a loss of $7.3 million, or 16 cents a share, a year earlier.
Wall Street expected Intuit to report a loss of 18 cents a share.
With $10.4 million in acquisition and restructuring charges, Intuit reported a total loss of $19.8 million, or 42 cents a share, for its fiscal fourth quarter ended July 31.
The Mountain View-based company writes computer programs that help people keep track of financial information and prepare taxes. Intuit usually reports a loss this time of year because few people buy tax software.