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Intuit Inc (NASDAQ:INTU) Shares Dip Despite Strong Q2 Earnings Beat
Intuit Inc. (NASDAQ:INTU) reported strong fiscal second-quarter earnings that surpassed analyst expectations, driven by robust growth in its Global Business Solutions and Consumer Group segments, particularly TurboTax and Credit Karma. Despite these positive results, the stock dipped in after-hours trading due to a cautious forward outlook and planned increases in marketing spending for the upcoming tax season. Investors are weighing the strong performance against potential short-term profit impacts from increased customer acquisition costs.