H&R Block: Fiscal 2Q Earnings Snapshot
KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Thursday reported a loss of $176.3 million in its fiscal second quarter.
The Kansas City, Missouri-based company said it had a loss of 86 cents per share. Losses, adjusted to account for discontinued operations, came to 83 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 92 cents per share.
The tax preparer posted revenue of $148.9 million in the period.
H&R Block shares have risen 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 1 percent. The stock has risen nearly 5 percent in the last 12 months.