Intuit Revenue to Miss Forecasts:

Intuit Inc., the No. 1 maker of personal finance software, said revenue in its third quarter and fiscal 2001 will miss forecasts because of sluggish QuickBooks software sales and slower Internet advertising. Intuit shares dropped $12.44, or about 30%, to close at $29.81 on Nasdaq. It said sales for the period ending in April will be $425 million to $450 million. Analysts polled by First Call/Thomson Financial had expected sales of $467.5 million. Demand for the company’s QuickBooks software for small businesses is slowing because many customers upgraded last year.