H&R Block: Fiscal 4Q Earnings Snapshot
KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported fiscal fourth-quarter profit of $877.9 million.
On a per-share basis, the Kansas City, Missouri-based company said it had net income of $4.29. Earnings, adjusted to account for discontinued operations, were $4.32 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.11 per share.
The tax preparer posted revenue of $2.33 billion in the period.
For the year, the company reported profit of $422.5 million, or $2.04 per share. Revenue was reported as $3.09 billion.
H&R Block shares have climbed 6% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 15%. The stock has decreased almost 8% in the last 12 months.