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To: Larry S. who wrote (34734)	11/15/2001 5:37:17 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

INTU reports...what is your take? beat with a "smaller than expected loss" but miss the revenue target. Financial software-maker Intuit (INTU) reported a pro forma first-quarter net loss of $27.6 million, or 13 cents a share, beating expectations by 2 cents. The company reported a loss of $21.4 million, or 10 cents in the year-ago period. The expectation was for a 15-cent loss, according to First Call. "As a result of the solid quarter and our confidence in the fundamentals driving our growth, we're raising our guidance for pro forma operating income for fiscal 2002 by $5 million to the $280 million to $290 million range, or growth of 27 percent to 32 percent over fiscal 2001," said CEO Steve Bennett in a statement. Intuit's sales were $208.8 million for the first quarter, an increase of 11 percent over the year-earlier quarter. Analysts had expected sales of $209.5 million. Shares, which rose 11 cents to close at $41.82, traded down 82 cents at $41 after hours.