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H&R Block, Inc. (NYSE:HRB) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 3.28%.
H&R Block, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.22 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Decreased 28.84% to $472 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: H&R Block, Inc. reported adjusted EPS loss of $0.22 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It missed the average revenue estimate of $563.6 million.
Quoting Management: “We entered this tax season with a very thoughtful plan and while we’ve had to make some adjustments due to the unprecedented delays and competitive factors, I am pleased with our execution to date,” said Bill Cobb, H&R Block’s president and chief executive officer. “Our analysis of industry data gives us confidence that we are on track with our plans for fiscal 2013.”
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