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    Thursday, November 19, 2009

    Intuit Posts Widened Loss For First Quarter

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    By John Letzing
    MarketWatch Pulse
       

      SAN FRANCISCO -- Intuit Inc. said Thursday its fiscal first-quarter loss widened to $99 million, or 21 cents a share, from $76 million, or 16 cents a share in the same period last year. The maker of tax preparation and personal finance software said revenue for the period ended in October rose 2% to $493 million. Excluding special items, Intuit said its loss for the quarter was 10 cents a share. Analysts polled by Thomson Reuters had estimated Intuit would post a loss of 16 cents a share, and $488 million in revenue.

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