H&R Block Q4 Profit Falls 5%, Matching View (HRB)

By Dividend.com Staff,

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Tax prep specialist H&R Block, Inc. ( HRB ) late Thursday said its fiscal fourth quarter profit fell 5% from last year, matching analyst expectations.

The Kansas City-based company reported fiscal fourth quarter net income of $658.6 million, or $2.14 per share, compared with $690.8 million, or $2.11 per share, in the year-ago period.

Revenue edged slightly lower from last year to $2.33 billion.

On average, Wall Street analysts expected a matching profit of $2.14 per share, on slightly lower revenue of $2.32 billion.

H&R Block shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of H&R Block ( HRB ) have a 3.73% dividend yield, based on last night's closing stock price of $16.07. The stock has technical support in the $14-$16 price area. If the shares can firm up, we see overhead resistance around the $18 price level.

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 Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: HRB

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