H&R Block misses 2Q earnings and revenue expectations

MarketsAssociated Press

H&R Block Inc. (HRB) on Monday reported a loss of $112 million in its fiscal second quarter.

On a per-share basis, the Kansas City, Missouri-based company said it had a loss of 41 cents. Losses, adjusted for one-time gains and costs, came to 45 cents per share.

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The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The tax preparer posted revenue of $134.6 million in the period, which also missed Street forecasts. Analysts expected $145.2 million, according to Zacks.

H&R Block shares have increased 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. In the final minutes of trading on Monday, shares hit $34.06, a climb of 17 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. HRB stock research report from Zacks.

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Keywords:H&R Block,Earnings Report