H&R Block’s EPS In-Line; Revenues Beat by $9.38 Million
September 02, 2010 4:17 PM
H&R Block, Inc. (NYSE: HRB) reports Q2 EPS loss of $0.41 versus estimates of $0.41 loss. H&R Block, Inc. reports revenues of $274.5 million versus estimates of $265.12 million.
The company repurchased and retired 15.5 million shares in the fiscal first quarter at a cost of $235.7 million.
"Our first quarter results demonstrate the progress we have made in reducing embedded costs, and we believe we can achieve more in this area," said Alan Bennett, president and chief executive officer of H&R Block.
"Our balance sheet reflects a strong position that gives us considerable financial flexibility going forward. We are working diligently to reverse the early-season client losses we have experienced in each of the past two years. Our goal is to further innovate our best-in-class financial products, demonstrate continued client-centric service improvements, and use a more compelling marketing approach to increase traffic throughout our network," added Bennett.
Shares of HRB are higher in the after-hours by 3.82%.
