News Column

H&R Block beats Street 1Q forecasts

September 3, 2014



KANSAS CITY, Mo. (AP) H&R Block Inc. (HRB) on Wednesday reported a loss of $116.2 million in its fiscal first quarter.

On a per-share basis, the Kansas City, Missouri-based company said it had a loss of 42 cents. Losses, adjusted for one-time gains and costs, were 40 cents per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The tax preparer posted revenue of $133.6 million in the period, which also topped Street forecasts. Analysts expected $129.4 million, according to Zacks.

H&R Block shares have climbed 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 8 percent. In the final minutes of trading on Wednesday, shares hit $33.50, a climb of 20 percent in the last 12 months.

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

Keywords:H&R Block,Earnings Report


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Source: Associated Press


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