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Friday, Jan 27, 2023
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Intuit Net Income Reaches $444M for Quarter

Intuit Inc., the parent of San Diego’s TurboTax unit, reported May 20 third-quarter net income of $444 million, up from $367 million for the like quarter of 2007.

Revenue for the Silicon Valley software firm was $1.3 billion, up from $1.1 billion in the comparable quarter.

Intuit says it expects 2008 revenue between $3.05 billion and $3.06 billion, up 14 percent from the prior year.

Full year earnings are forecast in a range of $1.42 to $1.44 per share.

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Shares of Intuit, traded as INTU on Nasdaq, were at $28.40, up $1.19, in midday trading May 21. The 52-week range is $25.08 to $33.10.

TurboTax has about 1,350 employees at its Carmel Valley headquarters.

, Mike Allen

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