Market Overview

UPDATE: H&R Block FQ4 Profit Beats Estimates, Shares Rise

Share:
Related HRB
Stifel: 3 Reasons To Like Intuit
38 Biggest Movers From Yesterday
Bigger paychecks or bigger refund? Free H&R Block tax reform checkup helps taxpayers get ... (GuruFocus)

H&R Block (NYSE: HRB) reported a rise in its fiscal fourth-quarter profit.

H&R Block's quarterly net income rose to $909.9 million, or $3.29 per share, versus a year-ago profit of $644.3 million or $2.42 per share. Its earnings from continuing operations came in at $3.36 per share.

Its revenue increased 16% to $2.56 billion. However, analysts were expecting a profit of $3.23 per share on revenue of $2.49 billion.

The company's press release offered the following comment from Bill Cobb, H&R Block's president and chief executive officer:

"We delivered a strong year of both revenue and earnings growth and lived up to our long-standing tradition of being the world's leading tax services provider."

H&R Block shares gained 4.13% to $32.00 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (HRB)

View Comments and Join the Discussion!