Shares of Intuit Inc. climbed 5.5% on Friday after the TurboTax parent reported a sharp rise in revenue that trumped expectations and increased its revenue outlook for the current quarter, despite previously warning that tax season had been off to a slow start. The company reported a nearly 50% increase in subscribers during the quarter. Shares traded around $127.47 in afternoon trade, putting them on track for record high, $7 above the company's previous record of $120.70, notched Thursday. They stock is up more than 10% in the past three months and nearly 30% in the past year, outperforming the S&P 500 , up 7% in three months and 22% in a year.
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