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Intuit Profit Down, Sales Up:

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Bloomberg News

Intuit Inc. posted operating profit of $91.4 million, or 44 cents a share, for its fiscal second quarter, a penny lower than analyst expectations and down from $93.1 million, or 47 cents, a year ago. The company, best known for its Quicken personal-finance and Turbo Tax tax-preparation software, said revenue rose 14% to $425.5 million. Including one-time gains and charges, Intuit had net income of $57.3 million, or 27 cents a share. Acquisition-related costs more than doubled to $45.2 million from $21 million. The results were released after regular trading on Nasdaq, where its shares rose $4.75 to close at $72.31. Intuit fell as much as $8.31 to $64 in after-hours trading.

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