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H&R Block: Fiscal 4Q Earnings Snapshot

June 16, 2020 GMT

KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported fiscal fourth-quarter earnings of $460.4 million.

On a per-share basis, the Kansas City, Missouri-based company said it had net income of $2.37. Earnings, adjusted for amortization costs and to account for discontinued operations, were $3.01 per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $3.01 per share.

The tax preparer posted revenue of $1.81 billion in the period.

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For the year, the company reported a loss of $7.5 million, or 4 cents per share, swinging to a loss in the period. Revenue was reported as $2.64 billion.

H&R Block shares have fallen 23% since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 3%. In the final minutes of trading on Tuesday, shares hit $18.03, a decrease of 36% 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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