Tax prepare H&R Block posts slightly smaller 2Q loss, dip in revenue - InfoNews

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Tax prepare H&R Block posts slightly smaller 2Q loss, dip in revenue

FILE - This March 5, 2012, file photo, shows a sign for H&R Block at an office, in New York. The tax service provider reports earnings, Tuesday, Dec. 10, 2013. (AP Photo/Mark Lennihan, File)
December 10, 2013 - 1:34 PM

KANSAS CITY, Mo. - H&R Block Inc. posted a smaller loss in its fiscal second quarter than a year ago, when the tax preparer booked a bigger loss from operations that have since been discontinued.

The Kansas City, Mo., company typically reports a loss in the August-October period because it takes in most of its revenue during the U.S. tax season.

H&R Block reported a loss of $104.9 million, or 39 cents per share, for the three months ended Oct. 31. That compares with a loss of $105.2 million, or 39 cents per share, a year earlier.

Block's adjusted loss amounted to 38 cents per share.

Analysts polled by FactSet anticipated a loss of 37 cents per share.

Revenue slipped to $134.3 million, from $137.3 million.

Analysts had forecast $137.9 million in revenue.

News from © The Associated Press, 2013
The Associated Press

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