Reuters

(Reuters)

H&R Block Reports Wider Q2 Loss

Features Reuters

H&R Block Inc posted a wider quarterly loss as the largest U.S. tax preparer continued to take charges by disposing of non-core assets.

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August-October net loss was $123 million, or 41 cents a share, compared with a loss of $111.4 million, or 36 cents a share, in the year-ago period.

Revenue rose 8 percent to $129.2 million.

Excluding items, net loss from continuing operations was 38 cents a share.

Analysts on average had expected a loss of 34 cents a share, according to Thomson Reuters I/B/E/S.

Shares of Kansas City, Missouri-based H&R Block were down 2 percent at $15.80 in after-market trade. They closed at $16.06 on Thursday on the New York Stock Exchange.