Intuit shares rally as TurboTax unit sales grow over tax season

Intuit Inc. shares rallied in the extended session Wednesday after the tax software company reported a rise in units sold over tax season and reiterated its outlook for the year. Intuit shares surged 7.3% to $124.30 after hours, following a 2.8% decline during the regular session as an outline of President Donald Trump’s tax plan was unveiled. Intuit said that total units of its TurboTax software rose 2% to 34.6 million units over this year’s tax season compared with a year ago. Intuit reiterated its full-year earnings guidance of $4.30 to $4.40 a share, while analysts surveyed by FactSet expect $4.32 a share.

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