H&R Block Loss Narrower Than Estimates

(RTTNews) - H&R Block Inc (HRB) on Tuesday reported first-quarter net loss of $99.7 million or $0.36 per share, compared with a loss of $116.2 million or $0.42 per share last year.

Excluding items, adjusted loss for the quarter was $0.35 per share, compared with a loss of $0.40 per share last year.

On average, eight analysts polled by Thomson Reuters estimated a loss of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up at $137.7 million, compared with $133.6 million in the prior year. Six analysts had a consensus revenue estimate of $136 million.