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Accounting and Taxation Software Intuit (INTU) surpassed Wall Street's targets for the second quarter of its fiscal year on Thursday. The news of Intuit's results pushed the company's shares up in prolonged trading.
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The company based in Mountain View, Calif., Has achieved adjusted earnings of one dollar for a turnover of $ 1.5 billion for the quarter ended Jan. 31. Analysts were forecasting a profit of 86 cents a share for Intuit, for a $ 1.48 billion business figure, according to Zacks Investment Research. During the prior year, the company had realized an adjusted profit of 35 cents per share for a business figure of $ 1.17 billion.
Intuit shares rose 2% after working hours in the stock market today. During the regular session, he plunged 0.4% to 235.03.
Last Friday, Intuit's action came out of a 19-week consolidation period at a 231.94 buying point.
Details to follow.
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