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Intuit moving higher on strong Q2 earnings, revenue beat

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Intuit (INTU) shares are getting an initial boost in extended-hours trading after the tax prep service beat estimates for its fiscal second quarter, posting net revenue of $3.96 billion (vs. forecasts of $3.83 billion) and adjusted earnings of $3.32 per share (vs. forecasts of $2.57). Additionally, Intuit also beat guidance expectations for full-year earnings and revenue, while falling short of third quarter earnings forecasts.

Julie Hyman and Josh Lipton react to Intuit's latest earnings print on Market Domination Overtime.

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This post was written by Luke Carberry Mogan.