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MarketFoolery

Intuit vs. H&R Block

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 25 May 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Fool Funds analyst Bill Barker dissects why Intuit is beating H&R Block, why Tiffany continues to struggle, and why everyone knew Microsoft’s acquisition of Nokia wouldn’t work. Plus, we gear up for the start of Memorial Day weekend.

Transcript

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0:00.0

It's Wednesday, May 25th. Welcome to Market Fullry. I'm Chris Hill joining me in studio today for Motley

0:07.2

Full Funds, Bill Barker. Thanks for me in here. Thanks for having me.

0:15.6

I've stumped you already. You've stumped you already. I've thrown you. I'm just sort of staring at the lineup. You're aghast. Oh, I'm not aghast.

0:20.8

Well, at least not the topics that we're going to talk about. There are other things about which I am aghast. Well at least not the topics that we're going to talk about. There are other things

0:23.7

about which I am aghast. But we continue to have news, we continue to have earnings, even though

0:29.6

earnings season has most certainly tapered off, and we're coming up on Memorial Day so we'll

0:34.8

talk about that as well but let's start with some some earnings from

0:39.0

Intuit which is the this is into it yet another company that is the is the maker of TurboTax. Third quarter profits came in higher than expected.

0:55.0

They raised guidance for the full fiscal year.

0:58.0

Everything about this report looks good.

1:00.0

Everything good, yep.

1:01.0

And shares down about 3%.

1:03.0

Right, and that's just a function of the company having traded the stock, having traded up

1:09.5

three, four dollars a share yesterday, I guess in anticipation of the earnings release the company had

1:15.8

already announced at the end of April that it had a very good tax season so there was

1:21.3

sort of a pre-announcement of good news which had already flowed

1:24.6

into the stock. This was a day before I think H&R Block pre-announced wow we really had a bad tax season, and you may ask yourself, how can that be

1:37.2

true for these two?

1:39.2

And that's the problem for H&R Block and Intuit's on the right side of current history anyway.

1:46.9

This is where people are bringing their business at tax season.

1:50.4

They had their best tax season ever. it's the biggest quarter for the company

1:54.2

they're not just the turbo tax quickened books there's also a very big product

...

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