Intuit Loss Narrows in Its Fourth Quarter

Financial software maker Intuit Inc. said its fiscal fourth-quarter loss narrowed during a traditionally sluggish sales period but warned that its financial strides during the next few months probably would not be as great as analysts had hoped.

The Mountain View, Calif.-based maker of TurboTax and Quicken lost $24.7 million, or 12 cents a share, for the period ended July 31. That represented an improvement over a loss of $31.8 million, or 15 cents, the same time last year.

Revenue for the quarter was $245.1 million, a 31% improvement over $186.9 million a year earlier.

Intuit released its results after the stock market closed. Its shares fell 29 cents to $45.24 on Nasdaq, then shed $1.39 in after-hours trading.