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BlackBerry Pops on Buyback Plan; More Trouble For Aeropostale

Enterprise software company Intuit (INTU) beat quarterly estimates and increased its expectations for subscribers to its QuickBooks Online program by the fourth quarter.

Enterprise software company Intuit (INTU) gave the Nasdaq a boost after beating quarterly estimates and increased its expectations for subscribers to its QuickBooks Online program by the fourth quarter. Teen retailer Aeropostale (ARO) plummeted after projecting a wider loss than a year earlier for its current quarter, a quarter which was hoped to benefit from the critical Back to School period. BlackBerry (BBRY) climbed after the company proposed a buyback program to purchase 12 million shares or 2.6% of its outstanding public float. Stocks were lower as markets analyzed what stronger inflation data might mean for the Federal Reserve's rate hike timeline. TheStreet's Keris Lahiff reports from New York.