November 14, 2002
Reuters: Intuit Net Loss Narrows, Raises 2003 Forecast
MOUNTAIN VIEW, Calif. (Reuters) - Intuit Inc. (INTU.O), which sells software for personal finance and small businesses, on Wednesday posted a narrower fiscal first-quarter loss, and raised the outlook for its current 2003 fiscal year based on strong revenue growth.
Intuit shares, however, slipped about 2 percent from their Nasdaq close of $52.86 as the low ends of the company's new earnings and revenue forecast ranges fell below Wall Street's current estimates.(full story)
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