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Intuit Q1 Loss Narrows on Revenue Growth, Gains From Asset Sales

Published on November 21, 2013
by Tess Stynes

Intuit Inc.’s fiscal first-quarter loss narrowed as the tax software company benefited from double-digit revenue growth and gains from the sale of two business segments.

For current quarter, Intuit forecast per-share earnings of 25 cents to 27 cents and revenue of $890 million to $910 million, below recent estimates of analysts polled by Thomson Reuters most recently expected per-share profit of 30 cents and revenue of $914 million.

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