H&R Block Q3 Loss Narrows, but Misses View (HRB)

By
A A A
Share |

Tax prep specialist H&R Block, Inc. ( HRB ) late Wednesday posted lower-than-expected fiscal third quarter earnings results, hurt by a decline in revenue.

The Kansas City-based company reported a fiscal third net loss of $3.3 million, or -1 cent per share, compared with a loss of $12.7 million, or -4 cents per share, in the year-ago period.

Revenue fell 2.5% from last year to $663.3 million.

On average, Wall Street analysts expected a net profit of 4 cents per share, on much larger revenue of $694 million.

H&R Block shares fell 32 cents, or -2%, in premarket trading Thursday.

The Bottom Line
Shares of H&R Block ( HRB ) have a 5.04% dividend yield, based on last night's closing stock price of $15.87. The stock has technical support in the $13-$14 price area. If the shares can firm up, we see overhead resistance around the $17-$18 price levels.

H&R Block, Inc. ( HRB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: HRB

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Your Car Is Spying on You
Your Car Is Spying on You           

Stocks

Referenced

50%

Most Active by Volume

73,078,214
  • $30.33 ▼ 3.90%
57,046,796
  • $15.52 ▲ 0.45%
51,290,831
  • $100.57 ▲ 0.04%
39,855,468
  • $8.13 ▲ 1.37%
31,693,544
  • $5.50 ▲ 20.35%
31,532,510
  • $10.33 ▲ 0.78%
31,526,753
  • $39.10 ▲ 47.21%
28,366,542
  • $26.36 ▲ 1.19%
As of 8/20/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com