Tax prep specialist H&R Block, Inc. (
) 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
The Bottom Line
Shares of H&R Block (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.1 out of 5 stars.
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