TurboTax Filers and an Improved Outlook Boost Intuit Shares

Early tax filers helped Intuit (INTU) boost second-quarter revenues to $827 million, up 8% over a year ago. That topped its own estimates by $20 million and gave management enough confidence to raise its outlook for 2010 on Thursday. That sent the stock up $2.40 on Friday, closing at $32.72, nearly 8% higher on the day.