UPDATE: H&R Block Posts Smaller-Than-Expected Q3 Loss, But Revenue Misses Views
H&R Block Inc. (NYSE: HRB) posted a narrower-than-expected loss for the fiscal third quarter on Wednesday.
The Kansas City, Missouri-based company posted a quarterly loss of $36.9 million, or $0.13 per share, versus a year-ago loss of $214.7 million, or $0.78 per share.
Its revenue climbed to $509.1 million from $200 million in the year-ago quarter. However, analysts were expecting a loss of $0.13 per share on revenue of $517.7 million.
"Despite being disappointed by the decline in early season volume, we are pleased with our monetization, overall return mix, and Tax Plus product attach rates through both our assisted channel and digital do-it-yourself products," said Bill Cobb, H&R Block's president and chief executive officer.
H&R Block shares fell 0.06% to $33.40 in after-hours trading.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.