H&R Block's Stock Bounces, After CIO Leaves And Report Of Tax-season Results
H&R Block Inc. said Thursday its chief innovation officer, Jason Houseworth, will leave the company "by mutual agreement," effective April 30. He had joined the company in August 2009. Separately, the tax preparation services company reported late Wednesday results for the 2017 tax season, with e-files declining 0.1% through April 21, but beating the IRS's reported decline of 0.3%. "Despite an overall industry decline, I am delighted to report that we improved the client trajectory for the tax season and achieved overall market share gains," said Chief Executive Bill Cobb. On Wednesday, the stock fell 1.4% after the release of President Donald Trump's plan to simplify the tax code. The stock, which was indicated up over 2% ahead of Thursday's open, has gained 3.9% year to date through Wednesday, while the S&P 500 has climbed 6.6%.
Copyright © 2017 MarketWatch, Inc.