H&R Block Falls 2% After Q2 Earnings Miss

is trading down more than two percent in after hours trading after the company announced its second quarter results. The financial service provider reported a Q2 EPS of $(0.42) versus the Street estimate of $(0.37). Earnings per share were down 14 percent from the year-ago period. Revenue came in at $134.3 million versus the Street estimate of $137.85 million. Sales were down two percent year-over-year. "I'm pleased with the initiatives we have in place for the upcoming tax season and am confident that we are well positioned to again deliver strong results this year," Bill Cobb, H&R Block's president and CEO, said in a

. "We've also made progress in the process of divesting our bank, and remain committed to continue offering best-in-class financial products." Overall, H&R Block has performed fairly well this year. As of Monday, December 9, the company's shares have gained more than 52 percent year-to-date. In October, Morgan Stanley

from Equal-Weight to Overweight and raised its Price Target from $25 to $35 after H&R Block partnered with GoHealth. Disclosure: