H&R Block, Inc. (HRB) Reports A 6.9% Increase In Earnings In The Third-Quarter

H&R Block, Inc. (NYSE: HRB) has reported an increase of 6.9% in third-quarter earnings.

For the quarter ended January 31, the company reported a profit of $50.6 million or $0.15 per share, compared to a profit of $47.4 million or $0.14 for the same period last year. The company reported a drop in earnings from continuing operations to $0.16 per share from $0.20 per share. The company reported a decline of 5.9% in revenue to $934.9 million.

Russ Smyth, President and CEO of H&R Block, Inc. said “While we are disappointed with our early results this tax season, we remain committed to improving our performance as the remainder of the season unfolds.”