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H&R Block: Fiscal 4Q Earnings Snapshot

June 11, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRB at https://www.zacks.com/ap/HRB

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