H&R Block Q2 Results Miss Estimates

(RTTNews) - H&R Block, Inc. (HRB) reported a net loss for the second quarter of $112.0 million or $0.41 per share, compared to a net loss of $104.9 million or $0.39 per share for the year-ago quarter.

Loss from continuing operations for the second quarter was $113.2 million or $0.41 per share, compared to a loss from continuing operations of $103.0 million or $0.38 per share in the prior year quarter.

Excluding items, adjusted loss from continuing operations for the second quarter was $126.3 million or $0.45 per share, compared to an adjusted loss from continuing operations of $112.3 million or $0.42 per share in the second quarter last year.

Total revenue for the second quarter grew slightly to $134.63 million from $134.34 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.42 per share on revenue of $141.99 million for the second quarter. Analysts' estimates typically exclude special items.