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Intuit Shares Rise on Quarterly Earnings Beat, Raised Guidance

M. Corey Goldman

jumped more than 6% on Friday after the company reported fiscal third-quarter earnings and revenue numbers that beat analysts' forecasts amid strong demand for its small business and TurboTax Live offerings. Shares of Intuit were up $14.57 to $255.88 in afternoon trading on the Nasdaq Stock Market after the company beat Wall Street's targets for its fiscal third quarter and raised its guidance for the current quarter. "This was a strong quarter across the company," Intuit CEO Sasan Goodarzi said in a statement.