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MOUNTAIN VIEW, Calif. (AP) - Intuit Inc.'s second-quarter net income fell 21 percent as increased costs more than matched strong revenue growth driven by TurboTax sales.
The financial software maker cut its earnings guidance for the rest of the year, sending shares down 3.5 percent in after-hours trading.
The company said it earned $115.2 million, or 34 cents a share, in the quarter ended Jan. 31, compared with $145.4 million, or 40 cents a share, a year earlier.
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